Entain Plc said Monday its CEO Shay Segev would leave the company days after it rejected an $11 billion takeover bid from MGM International. Segev led the UK-based Entain, formerly known as GVC Holdings, for only seven months when he took over from Kenny Alexander, who left the job after a 13-year tenure. According to …
Entain CEO Suddenly Resigns Amid MGM Takeover Bid Read More »
MGM has confirmed it made an offer to acquire Entain but added it could not confirm if it will make a firm bid to merge its British partner. The latest development comes days after Entain announced that it received the $11.1 billion takeover proposal by its US casino partner, which Entain (formerly known as GVC …
MGM Confirms Takeover Proposal to Acquire Entain Read More »
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 …
MGM Resorts Raises Offer For Entain Acquisition to $11 Billion Read More »
GVC Holdings has announced to assume a new corporate identity, Entain, and announcing a withdrawal from all unregulated markets. The move could cost the Isle of Man-based company £40 million ($52.7 million) in earnings in the short-term. The rebranding will take place once it is approved by shareholders. On Thursday, the online gaming giant said the …
GVC Rebrands as Entain, Withdrawing from Unregulated Markets Read More »
