Entain to acquire Tabcorp's wagering and media business for $2.72bn.

Entain, the global sports-betting and gaming group, offered to acquire the wagering and media business from Tabcorp, a gambling company in Australia, for $2.72bn. Companies entered into discussions concerning the acquisition. Transaction would be in-line with Entain’s current M&A strategy of expanding across regulated international markets. If combination is successful, the deal would create a leading, integrated multi-channel and multi-brand wagering company. On April 27, 2021, Entain has raised its bid to $2.72bn for Tabcorp's wagering and media business. The previous offer was c. $2.3bn. On May 6, 2021; Apollo Global offered to acquire Tabcorp's wagering and media business and gaming services for $3.1bn.