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DraftKings makes $20 billion offer for UK sports betting company Entain, sources say

Omar Marques | LightRocket | Getty Photographs

DraftKings is making a $20 billion provide to amass U.Okay. on-line sports activities betting firm Entain, folks conversant in the matter instructed CNBC’s David Faber on Tuesday.

The provide is basically in DraftKings inventory, together with money, based on the sources.

The U.Okay. gaming firm rejected an all-stock provide from MGM Resorts earlier this yr value $11 billion on the time. Entain stated the deal considerably undervalued the corporate.

MGM and Entain keep an internet sports activities betting partnership within the U.S. known as BetMGM.

Entain has not returned CNBC’s request for remark.

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