Caesars Entertainment announced on Thursday that it has agreed to be acquired by Fertitta Entertainment in an all-cash transaction valued at about $17.6 billion.
Caesars Entertainment, one of the largest U.S. casino operators, will be taken private through this acquisition. The deal includes assuming approximately $11.9 billion in debt. Shareholders of Caesars will receive $31 per share in cash, which represents a 49% premium based on the terms of the agreement.