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DraftKings makes $20 billion offer for Entain


© Reuters. FILE PHOTO A sign is displayed outside the branch of Ladbrokes London on December 22, 2017. REUTERS/Simon Dawson

(Reuters) – Sports betting firm DraftKings (NASDAQ:) has made a $20 billion cash-and-stock offer for Ladbrokes (LON:) owner Entain Plc, CNBC reported on Tuesday, citing sources.

DraftKings was not available to comment immediately. Entain and Entain weren’t.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.