Entain, the gaming corporation, witnessed a significant surge in its share price, reaching its highest point in a month as of the market close on April 9th, standing at 825 British pence per share.
The notable increase in share value was attributed to recent rumors suggesting potential acquisition talks surrounding the company. Reports emerged indicating that various entities, including private equity firm Apollo, were contemplating a buyout bid for Entain. Speculations intensified following the departure of company chairman Barry Gibson, fueling discussions of a potential acquisition.
These rumors mark another instance of takeover speculations surrounding Entain. In January 2023, media sources hinted at MGM's interest in acquiring all shares of the company, a plan initially proposed in 2021.
