Announced
Financials
Tags
Public
Cross Border
Friendly
Single Bidder
Majority
Acquisition
Casinos and Gambling
sports betting
United Kingdom
Failed
Synopsis
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.
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