AcquisitionMay 28, 2026Pending
🇺🇸 United States
CECaesars Entertainment, Inc.FEFertitta Entertainment, Inc.
Consumer & Retail › Leisure & Hospitality
Enterprise value$17.6BEnterprise value
AnnouncedMay 28, 2026
ConsiderationCash
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Fertitta Entertainment agreed to acquire Caesars Entertainment in an all-cash deal at $31.00 per share, valued at about $17.6 billion including roughly $11.9 billion of assumed debt.
Deal rationale
The combination brings together complementary gaming, digital and restaurant platforms, and gives Caesars shareholders an immediate cash premium of 49% to the unaffected share price.
AI-generated from the SEC filingPendingConsumer & Retail › Leisure & HospitalityUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $17.6B | Headline figure |
| Consideration | Cash |
Advisors
Buy-side
GSGoldman SachsMSMorgan Stanley
Sell-side
PPPJT Partners
Parties
Acquirer
FEFertitta Entertainment, Inc.
- Headquarters
- United States
- Ticker
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