British gambling firm Entain said on Tuesday that U.S. fantasy sports betting company DraftKings had made a takeover proposal that valued it at $22.4 billion.
Under its current proposal, DraftKings plans to offer 28 pounds per Entain share, representing a premium of 46.2 percent to the UK firm’s Monday close. Entain said it had earlier rejected a proposal from DraftKings to buy the company for 25 pounds ($34.15) per share.
