[ad_1]
Omar Marques | LightRocket | Getty Photos
DraftKings is making a $20 billion provide to amass U.Okay. on-line sports activities betting firm Entain, individuals aware of the matter instructed CNBCโs David Faber on Tuesday.
The provide is basically in DraftKings inventory, together with money, based on the sources.
The U.Okay. gaming firm rejected an all-stock provide from MGM Resorts earlier this 12 months value $11 billion on the time. Entain stated the deal considerably undervalued the corporate.
MGM and Entain keep an internet sports activities betting partnership within the U.S. known as BetMGM.
Entain has not returned CNBCโs request for remark.
Loved this text?
For unique inventory picks, funding concepts and CNBC international livestream
Joinย CNBC Professional
Begin yourย free trial now
[ad_2]
Source