DraftKings rose nearly 10% in premarket trading as it will not make an offer to buy Entain.U.S. betting company DraftKings Inc(DKNG.O)said on Tuesday it will not make a formal offer to buy British gambling firm Entain(ENT.L).
The U.S.-based company had put forward a $22.4 billion buyout proposal for Entain last month.
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