DraftKings is making a $20 billion supply to accumulate U.Ok. on-line sports activities betting firm Entain, folks aware of the matter instructed CNBC’s David Faber on Tuesday.
The supply is essentially in DraftKings inventory, together with money, in accordance with the sources.
Entain shares jumped about 18% in London buying and selling Tuesday. DraftKings shares closed 7.4% decrease Tuesday after the information.
On Monday, earlier than information of the deal, the enterprise worth of Entain was about £13.2 billion, or $18 billion.
In a submitting with the London Inventory Change, Entain’s board confirmed that it obtained a proposal from DraftKings,