March 11 - Billionaire Tilman Fertitta is reported to be in exclusive negotiations to acquire Caesars Entertainment for approximately $7 billion, according to people familiar with the matter. The discussions reportedly followed a competing proposal from billionaire investor Carl Icahn's firm that Fertitta's side has topped.
Shares of the casino operator reacted to the news, trading higher by roughly 12% in afternoon sessions. The reported price under consideration from Fertitta's company, Fertitta Entertainment, is about $34 per share for the gaming company.
Sources caution that an agreement has not been finalized. The parties have not indicated that a public announcement is imminent, and it remains possible that these exclusive talks will not culminate in a completed transaction. Caesars Entertainment did not immediately provide a response when contacted for comment.
Context on market reaction and potential deal structure
Market participants appear to have priced in the report, prompting a notable intraday uptick in Caesars' stock. The reported per-share figure and the headline $7 billion valuation are the focal points of the negotiations, as Fertitta's group explores a path to acquire the company while competing offers have been present.
How some investment tools view CZR
Separately, AI-driven stock selection tools are mentioned in relation to questions about buying Caesars stock now. One such tool evaluates thousands of companies each month using more than 100 financial metrics and highlights past notable winners, including Super Micro Computer (+185%) and AppLovin (+157%). That tool positions itself as assessing fundamentals, momentum, and valuation without bias, and purports to identify stocks offering attractive risk-reward profiles based on current data.
Summary of the current situation
In sum, Fertitta's reported exclusive talks and the suggested $34 per-share price have driven a significant short-term move in Caesars' shares, but the absence of a formal announcement, the possibility of talks collapsing, and the company's lack of an immediate comment leave the outcome uncertain.