Sept 22 (Reuters) - Entain's shares jumped 10% to an all-time high on Wednesday after the gambling firm revealed a $22.4 billion takeover proposal from Boston-based DraftKings which was nearly double a bid it rejected from MGM this year.

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Sept 22 (Reuters) - Entain's shares jumped 10% to an all-time high on Wednesday after the gambling firm revealed a $22.4 billion takeover proposal from Boston-based DraftKings which was nearly double a bid it rejected from MGM this year.

Entain's rise to fame and fortune has been built on a series of bold takeovers, which saw its predecessor company GVC Holdings - largely the creation of former chief executive Kenny Alexander - seize control of Ladbrokes Coral, Bwin and Sportingbet,.

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Entain's rise to fame and fortune has been built on a series of bold takeovers, which saw its predecessor company GVC Holdings - largely the creation of former chief executive Kenny Alexander - seize control of Ladbrokes Coral, Bwin and Sportingbet,.