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Entain Says Sports Biz Concealed Probes During €850M Sale

Law 360 M&A

Entain PLC's Dutch subsidiary says the owners of a sports betting business failed to mention that the company was being investigated for violating gambling regulations, and therefore was worth less than the €850 million ($926 million) Entain agreed to pay for it.

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Investor Calls Gaming Co. Entain's Proposed Buy 'Illogical'

Law 360 M&A

Activist investor Eminence Capital LP on Friday denounced gaming company Entain PLC's recent proposed acquisition of Polish competitor STS Holding, saying in a letter to Entain's board of directors that its approach to purchasing the betting platform is "perplexing on many levels."

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