Ladbrokes sign

MGM’s Largest Shareholder IAC Offers $1bn to Get Entain Deal Done

MGM’s largest shareholder, InterActiveCorp (IAC), has offered to invest another $1 billion in the company to help it acquire UK-based Entain PLC. Billionaire Barry Dillerowner, owner of the US media giant which has a 12% stake in MGM, supported the $11 billion takeover plans for Ladbrokes owner Entain Plc. Before IAC’s latest indication, two offers …

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MGM sign

MGM Resorts Raises Offer For Entain Acquisition to $11 Billion

MGM Resorts International has made an $11 billion offer for UK-based Entain Plc in a recent wave of trans-Atlantic mergers after their earlier $10 billion all-cash offer was dismissed. However, Entain, formerly known as GVC Holdings and which owns Ladbrokes, said the revised offer still undervalues the company. What is MGM Looking For? The latest …

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