Shares in Entain ENT, +0.21% rose more than 2% on Monday, after the U.K. gambling company raised its offer for rival Swedish sports betting firm Enlabs.
Shares in Entain, which have risen more than 27% so far this year, were 2.48% higher in early morning London trading on Monday. Read: Esports Entertainment stock soars after Andrew Left’s Citron says GameStop should buy the online gambling company Dublin-based Flutter FLTR, +1.57%, which owns the PaddyPower and SkyBet brands, spend $4.2 billion last year to increase its stake in the U.S. daily fantasy sports company FanDuel.Entain GVC, +1.23% made an initial offer of SEK40 a share for Enlabs on Jan. 20. But it was forced to raise its bid, after Alta Fox Capital Management and other Enlabs shareholders representing more than 10% of shares outstanding said that they would reject it.
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