Fertitta Eyes Caesars Acquisition for $7 Billion
Tilman Fertitta is in talks to buy Caesars Entertainment for $7 billion, offering $34 per share, surpassing a bid from Carl Icahn.
Atlas Newsdesk ·
Billionaire Tilman Fertitta is in exclusive negotiations to acquire Caesars Entertainment for approximately $7 billion, following a higher bid than one submitted by Carl Icahn's firm. Fertitta's company, Fertitta Entertainment, is reportedly discussing a price of around $34 per share for the casino and resort operator.
This potential acquisition would value Caesars significantly above its market capitalization of over $5 billion, based on its Tuesday closing share price of $26.01. The transaction, if finalized, would consolidate a major player in the gambling and hospitality sector.