REUTERS/Simon DawsonSept 21 (Reuters) - Sports betting firm DraftKings (DKNG.O) has made a $20 billion cash-and-stock offer for British sports betting and gambling company Entain Plc (ENT.L), CNBC reported on Tuesday, citing sources.
The offer price is roughly 2,500 pence per share, according to CNBC's David Faber, largely in DraftKings stock along with a cash component.
(https://bit.ly/3hOgEBx)Shares of Entain, which owns brands such as Ladbrokes, bwin, Coral, PartyPoker and Sportingbet, surged about 22% to 2,268 pence.
In a transatlantic deal, Caesars Entertainment acquired Britain's William Hill in a 2.9 billion pound deal earlier this year.
In January, Entain had rejected an $11 billion from MGM Resorts International, saying it undervalued the company.
Simon Dawson, CNBC's David Faber, William Hill, Entain, Faber, Subrat Patnaik, Ramakrishnan
REUTERS, Sports, Entain Plc, CNBC, Caesars Entertainment, MGM Resorts International, Thomson
Ladbrokes, London, Britain, Bengaluru