00:00It's Benzinga bringing Wall Street to Main Street.
00:02Caesars Entertainment agreed to be acquired by Tillman Fertitta's Fertitta Entertainment
00:07in a $17.6 billion deal that will take the casino operator private, according to CNBC.
00:14The deal includes about $11.9 billion in assumed debt. Fertitta offered $31 per share,
00:22a nearly 50% premium to the stock's closing price before the deal was first reported in February.
00:28Fertitta Entertainment owns the Golden Nugget Hotel and casinos and the Houston Rockets.
00:35Fertitta also owns more than 600 properties across 36 states and over 15 countries through
00:41his restaurant and hospitality company. Caesars controls more than 50 casinos across North
00:46America, including Caesars Palace, Harrah's, and El Dorado. It also operates a retail and online
00:52sports betting app. For all things money, visit Benzinga.com.
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