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Entain says MGM's $11 bln bid undervalues company

Video Credit: Reuters Studio - Duration: 01:28s - Published
Entain says MGM's $11 bln bid undervalues company

Entain says MGM's $11 bln bid undervalues company

Ladbrokes owner Entain on Monday said that an $11 billion takeover approach from U.S. casino operator MGM Resorts significantly undervalued its business, as companies move to capitalize on an expected boom in U.S. sports betting.

Fred Katayama reports.


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