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9/21, 3:48 PM (Source: TeleTrader)
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DraftKings offer Entain $20B takeover deal - report

DraftKings Inc. has offered $20 billion to take over international sports betting and gambling company Entain plc, CNBC reported on Tuesday, citing sources familiar with the talks.

As opposed to the all-stock transaction worth $1.56 billion, in which DraftKings acquired Golden Nugget Online Gaming, Inc., the offer for Ladbrokes Coral's parent company is of a cash-and-stock kind.

Entain's shares skyrocketed over 18% after the report.

Breaking the News / BU