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Tilman Fertitta’s Fertitta Entertainment is actively negotiating a deal to acquire Caesars Entertainment
, according to sources close to the situation.
The deal terms currently stand at $32 per share, with an equity value of $6.5 billion and an enterprise value of $31.5 billion, given Caesars’ substantial debt, the sources said.
The deal, if it gets done, would not be finalized until early April and is not expected to close until 2027. The talks are taking place within a 45-day exclusive window, according to the sources.
