DraftKings Stock Surges as Online Betting Company Abandons Bid for Entain

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https://www.barrons.com/articles/draftkings-dkng-entain-takeover-bid-terminated-51635253227

Updated Oct. 26, 2021 9:14 americium ET / Original Oct. 26, 2021 9:01 americium ET

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Shares of DraftKings were surging successful premarket trading Tuesday aft the online sports betting radical dropped its program to get British gambling elephantine Entain successful a $22.5 cardinal deal.

“After respective discussions with Entain leadership, DraftKings has decided that it volition not marque a steadfast connection for Entain astatine this time,” said DraftKings (ticker: DKNG) CEO Jason Robins successful a statement.

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