Fertitta Entertainment Announces $17.6 Billion Agreement to Acquire Caesars Entertainment
Fertitta Entertainment has entered into an all-cash agreement to acquire Caesars Entertainment for approximately $17.6 billion, including the assumption of about $11.9 billion in debt. The transaction offers a premium over recent share prices and aims to create a leading hospitality and gaming company by combining two major industry players.
Tickers: $CZR
Topics: corporate strategy gaming hospitality loyalty programs