The high-stakes pursuit of Ladbrokes owner Entain was the main focus for London investors today after the FTSE 100 index company confirmed an approach from DraftKings pitched at £28 a share, equivalent to more than $22 billion.
It told investors it is considering the proposal amid huge interest in the rapidly-expanding US sports betting market.
The FTSE 100 index, meanwhile, rallied by a bigger-than-expected 1% to return above the 7,000 threshold as a bond deal by China’s Evergrande eased immediate worries over its future to help the top flight build on turnaround Tuesday’s 1% improvement.
