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Entain shares tumble after DraftKings says it won't bid, and DraftKings stock jumps

·1 min read
Entain shares tumble after DraftKings says it won't bid, and DraftKings stock jumps
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Shares of U.K. betting company Entain tumbled 10% after DraftKings said it won't make a firm offer. "After several discussions with Entain leadership, DraftKings has decided that it will not make a firm offer for Entain at this time. DraftKings stock shot up 5.6% in morning trading. Based on our vertically-integrated technology stack, best-in-class product and technology capabilities and leading brand, we are highly confident in our ability to maintain a leadership position and achieve our long-