Fertitta Eyes Caesars Takeover in Weekend Negotiations
TL;DR Summary
Tilman Fertitta’s Fertitta Entertainment is negotiating to acquire Caesars Entertainment for about $6.5 billion in equity (roughly $32 per share) with an enterprise value near $31.5 billion, within a 45-day exclusive window; billionaire Carl Icahn has bid higher and could top the deal, which faces regulatory and shareholder scrutiny and isn’t expected to close until 2027.
Topics:top-news#business#caesars-entertainment#carl-icahn#fertitta-entertainment#gaming-industry#mergers-and-acquisitions
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- Exclusive | Tilman Fertitta in Talks to Buy Caesars for $7 Billion After Topping Bid From Icahn WSJ
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