Billionaire Tilman Fertitta has been in exclusive discussions to acquire Caesars (CZR) Entertainment for around $34 per share, or a total of $7B, after he topped a competing bid from billionaire Carl Icahn’s firm, the Wall Street Journal’s Lauren Thomas reports, citing people familiar with the matter. As of the Tuesday close, Caesars has a market value of over $5B, the author notes. Shares of Caesars are up 4.7% after the news.
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