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Yahoo! ArtsJun 24, 2019
Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion
The deal comes more than three months after Caesars agreed to give billionaire investor Carl Icahn three board seats to his representatives and a say on the selection of its next chief executive officer. Icahn, who has been pressing for a sale of Caesars, held a 14.75% stake in the company as of March 31, according to data from Refinitiv Eikon. Reuters, citing people familiar with the matter, reported on Sunday that Eldorado had clinched a deal with Caesars.

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