David Faber's CNBC has just lobbed out a large, juicy story about a fresh takeover bid for Ladbrokes owner Entain.
According to the smooth talking and tanned financial commentator, Entain has received a $20 billion takeover offer from US-listed DraktKings. Below is the link to the story:..
Olly Gill, a quality business hack at The Sunday Telegraph, dug out some decent corporate scoops this weekend.
One of his tales was based on some on the record quotes from one of Entain's largest shareholders - Aberdeen Standard. The investor, according to Olly's piece, is arguing the £8.1 billion takeover offer from MGM is 'not in the right postcode'. Below is the link:..
So, Entain has been forced to confirm it has received a takeover approach from MGM Resorts at £13.83 a share, valuing the business at just over £8 billion. Below is a link:
The London market hasn't even yet opened for its first full day of trading of the New Year but already there is fresh multi-billion bid on the table.
The Wall Street Journal is reporting that MGM has submitted a $10 billion takeover approach for Entain, which was formerly known as GVC and owns the bookeeper Ladbrokes. Below is the link:..