.
MergerLinks Header Logo

Announced

DraftKings terminated the $22.4bn Entain deal.

Financials

Edit Data
Transaction Value£16,374m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium46.2%
One Off Charge-

Tags

Edit

Public

Cross Border

Friendly

Single Bidder

Majority

Acquisition

Casinos and Gambling

sports betting

United Kingdom

Failed

Synopsis

Edit

DraftKings, an American daily fantasy sports contest and sports betting operator, terminated the $22.4bn Entain, an international sports betting and gambling company, deal. “After several discussions with Entain leadership, DraftKings has decided that it will not make a firm offer for Entain at this time. Based on our vertically-integrated technology stack, best-in-class product and technology capabilities and leading brand, we are highly confident in our ability to maintain a leadership position and achieve our long-term growth plans in the rapidly growing North America market,” Jason Robins, DraftKings CEO, Co-Founder and Chairman of the Board. On October 19, 2021, Entain got the extension to DraftKings bid deadline.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US