Tilman Fertitta in exclusive talks to buy Caesars for about $7 billion
Billionaire Tilman Fertitta has engaged in exclusive negotiations to acquire Caesars Entertainment for roughly $7 billion, reportedly offering about $34 per share and outbidding a proposal from Carl Icahn's firm. Shares of the casino operator rose following the report, though an announcement is not imminent and talks may not lead to a deal.