Jack Ma-backed Chinese consortium to buy Caesars online gaming unit for $4.4b
A Chinese consortium that incorporates diversion engineer Shanghai Giant Network Technology Co Ltd and e-business organization Alibaba Group Holding Ltd originator Jack Ma has consented to obtain Caesars Interactive Entertainment Inc's internet amusements unit for $4.4 billion in real money, the organizations said. Caesars Interactive Entertainment is as of now claimed by Caesars Acquisition Co (CAC) and Caesars Entertainment Corp. The deal will be a shelter to the two subsidiary organizations, which are searching for money as they set out on a mind boggling merger. The arrangement takes after a time of selective transactions between Caesars Interaction
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