Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

MGM Seeks $11 Billion Takeover of Partner Entain

TheMotleyFool

0 0

MGM Seeks $11 Billion Takeover of Partner Entain

British sports betting company Entain (LSE: ENT) said Monday that it has received several takeover offers from casino operator MGM Resorts International (NYSE: MGM). Entain -- formerly named GVC Holdings -- and MGM are joint venture partners in the BetMGM sports betting and online gambling app.

Entain said the latest offer from MGM was for about $11 billion, a 22% premium to Entain's Dec. 31, 2020 closing share price. Entain rebuked the offer, saying it "significantly undervalues the company and its prospects."

Source Fool.com

Like: 0

MGM

Share