MGM seeks to buy UK gaming giant Entain

MGM made offer to buy British gaming company Entain for $11 billion in order to gain in online gaming sector. Entain is a british gaming company which owns British gaming brand Ladbrokers. This $11 billion offer comes with backing of MGM biggest shareholder IAC/Interactive corporation, but is view as to low as undervalues the company. Nevertheless shares of Entain jumped in Monday trading to 25% so far. If this deal would go through, it would create one of the few huge gaming companies with both internet and on site presence. (Lombardo, Wall Street Journal)

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