Chinese consortium agrees to $4.4 billion deal for Caesars online games

July 31st, 2016 by admin Leave a reply »

Chinese consortium agrees to $4.4 billion deal for Caesars online games

Jack Ma, founder and Executive Chairman of Alibaba Group speaks during the inaugural "Xin" Philanthropy Conference in HangzhouA 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 $4.4 billion in cash, the companies said. Caesars Interactive Entertainment is currently owned by Caesars Acquisition Co (CAC) and Caesars Entertainment Corp .

Source
Business News Headlines – Yahoo! News

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