Entertainment mogul Tilman Fertitta is reportedly in discussions to acquire casino giant Caesars Entertainment in a deal worth $6.5 billion. The proposed transaction would value Caesars shares at $32 each, according to sources familiar with the negotiations.
Entertainment industry billionaire Tilman Fertitta is reportedly pursuing an acquisition of casino operator Caesars Entertainment through his company Fertitta Entertainment, according to a Saturday report from CNBC.
Sources familiar with the discussions told the network that negotiations are underway for a deal valued at $6.5 billion in equity, with Caesars shares priced at $32 each in the proposed transaction.
The March 14 report has not been independently confirmed by other news organizations at this time.
Fertitta, known for his ownership of the Houston Rockets NBA team and Golden Nugget casinos, would be adding one of the gaming industry’s major players to his entertainment portfolio if the deal moves forward.
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