MGM Offers $11B for U.K. Gaming Firm Entain
The owner of Ladbrokes rebuffed the proposal, saying it "significantly undervalues the company and its prospects."
DraftKings Beats Estimates as Pro Sports Return
The resumption of several major sports in the third quarter, as well as the start of the NFL season, "generated tremendous customer engagement."
Unity Software Raises Pricing for $1B IPO
In an unusual move, the company's upper management, rather than its investment bankers, will determine the actual price, using an online bidding system.
DraftKings Loses $161M Amid Lull in Betting
“With a number of major sports resuming or starting their seasons, we've seen a strong uptick in our active users."
Barry Diller’s IAC Buys MGM Stake for $1 Billion
The acquisition of 12% of MGM gives Diller an entree into the online gaming business through the nascent BetMGM platform.
Zynga CFO Lee Quits After 18 Months on Job
Chief Accounting Officer Michelle Quejado will serve as interim CFO at the gaming company, which posted better-than-expected earnings for the third quarter.