Draftkings offer for Entain: all the details of the proposal

Home » Draftkings offer for Entain: all the details of the proposal

In this article our experts will analyze theWhatever the name of Offra de Draftukingsnull Entain confirms that he has received one proposal worth $ 22 billion from the Draftkings giant.

With this Offer of 37.77 $ Action, arrived after a first of $ 33.73 in action which had been rejected by the ENTAIN Council, Draftkings managed to arouse the company's interest.

Draftkings offer for Entain: the figures and details

Entain, who confirms that he has received a proposal from Draftkings, he said that on September 21 he had refused the first offer received as he did not go to meet the requests of the Council. This because The actual value of the company in shares, on 20 June 2022, was 22.4 billion $.

The second Draftkings offer for Entain, who received on September 28, would seem to fully satisfy the company's expectations. There is talk of, in fact, of a part of the value liquidated in ordinary class A actions, and a part in cash with a value of $ 8.50 for action.

This second offer received represents a prize of 46.2% on the value with which Entain's shares were closed on 20 September 2022. Not DraftKings has time until 19 October to present the final and definitive offer, but According to Entain, it may also not be completed.

Entain and Draftkings' statements

After Draftkings' offer for Entain, Third Bridge's senior analyst said that he said The agreement will be likely another strong point to consolidate the market level. And he also added: "The bold offer of Draftkings indicates the desire to go head to head with Fanduel, owned by Flutter that He recently also entered Egba.

The declarations of the ENTAIN Council

Also, with the latest statements about the draftkings offer for Entain The advice was seen to talk about the operator's prospects as an independent company Thanks to its position as a leader in the market, from the world class team they have and from the leading technology of the sector they can boast.

“L'Company has a strong growth track of growth and a track for further significant growth, as indicated on the day of the capital markets of 12 August, with the potential for its total addressable market to grow more than three times up to 160 billion dollars ", The Council declared.

Also adding that: This includes its leadership position in the North American market rapidly growing through its Joint Venture Betmgmnull Entain has the most diversified and regulated revenues of any global operator and guides the sector in the protection of players through his Arc program (Advanced Responsibility and Care) ".

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