MGM Resorts (MGM) recently made a second offer to acquire British gaming company Entain (GMVHF) after an initial all-cash offer of roughly $10B was rebuffed, Cara Lombardo of Wall Street Journal reports, citing people familiar with the matter. The new offer has a substantial stock component and comes with financial backing from the MGM’s largest shareholder, IAC (IAC), sources told the Journal. The offer is above the GBP 12.85 per share bid that MGM offered late last year, the sources added.
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