All articles tagged with #fertitta entertainment
Tilman Fertitta's Fertitta Entertainment will acquire Caesars Entertainment in an all-cash deal valued at about $5.7 billion, pending regulatory approvals and closing conditions.
Caesars Entertainment agrees to be acquired by Fertitta Entertainment in an all-cash deal valued at about $17.6 billion (including $11.9 billion of Caesars’ debt), with Caesars shareholders receiving $31 per share — about a 49% premium to the February 25, 2026 close and a 46% premium to the 30-day VWAP. Caesars’ board unanimously approves and recommends stockholders adopt the merger; the transaction is not subject to financing and will be funded by Fertitta equity, assumed debt and new debt financing, with a go-shop period through July 11, 2026. The deal requires stockholder and regulatory approvals; upon closing, Caesars will cease trading on NASDAQ and the combined company will span 60 casino resorts, online gaming and sports betting, Landry’s restaurants and other entertainment venues, connected by Caesars Rewards. The Carano family will roll over a portion of its stake. Management is expected to stay in place; the transaction carries typical closing conditions and potential termination provisions.
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.