DraftKings Entain Purchase Called Off

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Sports betting has been rocking and rolling across America, but any thought of a DraftKings Entain deal will have to be put on hold… at least for now. The sports betting company had shown interest in Entain, owners of Ladbrokes and the Coral brands, with a proposed buyout of over $22 billion. But that bid was withdrawn following what the company said was “further analysis and discussions”. Entain had request to extend the deadline for a bid presentation, which British regulators had agreed to, giving DraftKings until November 16th. Previously, the deadline was October 19th for a formal offer. The…

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