Tilman Fertitta in Talks to Buy Caesars for $7 Billion: WSJ

Billionaire Tilman Fertitta has held exclusive talks to buy Caesars Entertainment Inc. for about $7 billion after topping a competing bid from Carl Icahn, the Wall Street Journal reported, citing people familiar with the matter.

Fertitta’s company has been talking about paying about $34 a share for Caesars, a casino and hotel operator, the newspaper reported. That’s about 31% over the Tuesday closing price of Caesars shares.