Entain against the backdrop of trading. Source: CoinGape

Entain Share Price Surges Amid Buyout Speculations

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.

10 April 2024, 09:13

Casino and Games Entain

Casino and Games

Other news

Gambling adverts during football matches triple in UK

29 September 2024, 16:17

Merkur Group founder to step down as chairman after 67 years at the helm

29 September 2024, 09:22

Dutch players demand bookmakers refund their money

28 September 2024, 15:14

Flutter Enters Top 3 Largest Bookmakers in Brazil

28 September 2024, 10:08