Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

DRAFTKINGS INC.

(DKNG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

DraftKings : Deadline for DraftKings and Entain takeover deal extended

10/20/2021 | 04:01am EST

Gambling giant DraftKings has secured another month to agree a deal with rival Entain after the pair failed to nail down a £16.4bn takeover.

Ladbrokes owner Entain was given the green light from the Takeover Panel on a request to extend a deadline on agreeing a restructuring model.

The deadline has been extended to November 16 to facilitate more discussions with the US-based DraftKings, The Times reported.

Entertain has insisted that DraftKings must resolve “a number of matters . . . that are fundamental to the structure” before discussing price.

DraftKings initially proposed £28-a-share with 630p in cash and the rest in shares

Entain said it was “reserving its position on the appropriateness of the value of the proposal”.

The post Deadline for DraftKings and Entain takeover deal extended appeared first on CityAM.

© City AM, source Newspaper

Stocks mentioned in the article
ChangeLast1st jan.
DRAFTKINGS INC. -3.41% 20.67 Delayed Quote.-24.75%
ENTAIN PLC 0.85% 1724 Delayed Quote.1.57%
All news about DRAFTKINGS INC.
07:31aDraftKings Announces $1 Million+ Responsible Gaming InitiativeáProviding Multi-Year Fin..
GL
07:31aDraftKings Announces $1 Million+ Responsible Gaming InitiativeáProviding Multi-Year Fin..
GL
06:52aSOCIAL BUZZ : Wallstreetbets Stocks Rise Premarket Thursday
MT
02:50aEntain's online gambling growth slows but betting shops rebound
RE
01/19Nuvei Approved to Process Online Betting Payments in New York
MT
01/19DraftKings, Tulalip Tribes of Washington to Operate Sports Betting
MT
01/19DraftKings and Tulalip Tribes of Washington Join Forces to Operate Sports Betting in th..
GL
01/19Draftkings and Tulalip Tribes of Washington Join Forces to Operate Sports Betting in Wa..
CI
01/18Morgan Stanley Adjusts DraftKings Price Target to $31 From $53, Maintains Equalweight R..
MT
01/18Berenberg Bank Adjusts DraftKings' Price Target to $38 From $42, Maintains Hold Rating
MT
More news
Analyst Recommendations on DRAFTKINGS INC.
More recommendations
Financials (USD)
Sales 2021 1 266 M - -
Net income 2021 -1 519 M - -
Net cash 2021 1 272 M - -
P/E ratio 2021 -5,65x
Yield 2021 -
Capitalization 8 401 M 8 401 M -
EV / Sales 2021 5,63x
EV / Sales 2022 4,03x
Nbr of Employees 2 600
Free-Float -
Chart DRAFTKINGS INC.
Duration : Period :
DraftKings Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DRAFTKINGS INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 20,67 $
Average target price 56,13 $
Spread / Average Target 172%
EPS Revisions
Managers and Directors
Jason Robins Chief Executive Officer
Jason K. Park Chief Financial Officer
Paul Liberman Director, President-Global Technology & Product
Travis Dunn Chief Technology Officer
Jennifer Aguiar Head-Compliance & Risk
Sector and Competitors
1st jan.Capi. (M$)
DRAFTKINGS INC.-24.75%8 698
EVOLUTION AB-5.80%28 496
FLUTTER ENTERTAINMENT PLC-4.55%26 762
GALAXY ENTERTAINMENT GROUP LIMITED12.62%24 888
SANDS CHINA LTD.15.91%21 294
ARISTOCRAT LEISURE LIMITED-0.50%21 010