Entain PLC said Wednesday that it is considering a new, improved takeover bid from DraftKings Inc. after rejecting an earlier offer from the U.S. digital sports-betting and entertainment company.
Entain ENT, +8.36%, a betting-and-gambling group, said the new offer is for 2,800 pence a share, consisting of 630 pence in cash and the balance payable in DraftKings DKNG, -7.42% shares. This represents a premium of 46% to Entain’s closing price on Monday, and values the company at 16.40 billion pounds .Entain rejected a previous DraftKings offer of 2,500 pence a share, which also comprised cash and shares.
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