Entain, a co-owner of the BetMGM joint venture with MGM, has received a proposal from DraftKings for a stock-and-cash deal to acquire the business.
The proposed strategy is not a definitive offer, and the details currently under discussion have not been disclosed.
According to recent reports, the bid for the project could potentially exceed $20bn.
It is worth considering that this bid could even reach higher figures, indicating the substantial investment involved.
In the realm of strategy, it is crucial to note that any agreement involving Entain’s joint venture partner operating a rival US betting enterprise necessitates the approval of MGM.
When formulating strategic decisions, it is essential to consider the crucial aspect that MGM’s consent is mandatory for deals in which Entain’s joint venture ally operates a competitive US betting business.
