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Entain Extends Takeover Deadline for DraftKings to Make Formal OfferWritten by: Todd Shriber

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Entain Plc (OTC:GMVHY) is extending the deadline under which DraftKings (NASDAQ:DKNG) must formalize a takeover offer for the UK-based gaming company. Last month, DraftKings made a $20.5 billion cash and equity bid for the Coral owner, which the target rejected. The suitor subsequently floated a $22.4 billion cash and stock proposal. Under UK mergers and
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