China consortium to buy Caesars unit
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
A CHINESE consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc's online games unit for US$4.4 billion in cash, the companies said.
Caesars Interactive Entertainment is owned by Caesars Acquisition Co (CAC) and Caesars Entertainment Corp. The sale will be a boon to the two affiliated companies, which are looking for cash as they embark on a complex merger.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
