In another effort to acquire Swedish sports betting company Enlabs AB, Entain has increased its cash offer to 3.7 billion crowns (US$440.16 million), or 53 crowns per share, up from 40 per share. The British firm said this is its last offer, according to Reuters.
“In a highly competitive and regulated industry, where consolidation is a key theme, Entain is able to provide the scale and platform needed to further support Enlabs’ long-term growth,” said Rob Wood, Entain’s chief financial officer and deputy CEO.
Enlabs, which operates Optibet and NinjaCasino, has asked shareholders to approve the latest offer.
