Plus   Neg

MGM Resorts Reportedly Increases Offer For Entain

MGM Resorts International (MGM) increased its offer for Entain Plc, previously known as GVC Holdings Plc, to more than $10 billion, according to reports citing people familiar with matter.

The exact details and value of the new offer couldn't be learned, but it is above the 12.85 pounds per share that MGM had offered late last year, the Wall Street Journal reported on the deal earlier.

The reports said that the talks are still ongoing and may not lead to a transaction.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Australian government has passed the newly amended Media Bargaining Code in the parliament which requires technology giants Facebook and Google to pay for local Australian news content that is shared on their platforms. Regeneron Pharmaceuticals, Inc. (REGN) Thursday said it stopped enrollment into the placebo group for its Phase 3 trial of REGEN-COV in non-hospitalised patients with COVID-19 as per the recommendations from the Independent Data Monitoring Committee or IDMC. According to the company, the IDMC found... Moderna Inc. (MRNA) Thursday reported a fourth-quarter net loss that widened from last year. But quarterly revenues surged from the previous year, driven by increases in grant revenue and product sales. The company raised its 2021 COVID-19 vaccine manufacturing plan.
Follow RTT