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Market Impact: 0.6

Fertitta Entertainment Reportedly In Talks To Acquire Caesars Entertainment

CZR
M&A & RestructuringTravel & LeisureCompany FundamentalsPrivate Markets & Venture

Fertitta Entertainment is negotiating to acquire Caesars Entertainment for $32 per share, valuing Caesars' equity at $6.5 billion and assigning an enterprise value of $31.5 billion, according to CNBC. The proposed transaction, if completed, would be a material M&A event for the gaming and leisure sector and is likely to move Caesars' equity and related peers. Details remain preliminary and subject to negotiation and disclosure.

Analysis

Fertitta Entertainment is negotiating to acquire Caesars Entertainment for $32 per share, valuing Caesars' equity at $6.5 billion and assigning an enterprise value of $31.5 billion, according to CNBC. The proposed transaction, if completed, would be a material M&A event for the gaming and leisure sector and is likely to move Caesars' equity and related peers. Details remain preliminary and subject to negotiation and disclosure.

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