Houston Rockets owner Tilman Fertitta has acquired 4.5 million shares in Caesars Entertainment Corp., according to the Houston Chronicle. Fertitta's purchase represents less than 1% of Caesars' outstanding shares, according to Bloomberg. A plan to merge the two companies failed in 2018. The proposed merger would have put Fertitta in charge of the Las Vegas casino operation, and Caesar Entertainment would have absorbed Fertitta's restaurants and Golden Nugget casinos includi
The New York-based private equity giant and one of the largest real estate managers in the world with more than $120B worth of properties under management recently acquired hotel conglomerate LaSalle Hotels for $4.8B. This acquisition took place shortly after Blackstone sold its 15.8 million shares in Hilton Worldwide Holdings, valued at $1.3B, for which Bloomberg reports it will finish up with $14B in profit when all is said and done.
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Fair Pricing for Buyers and Sellers
Whether you are planning to buy an existing business or expect to sell one you currently own, one of the biggest challenges involves deciding on a fair price. As the buyer, if you pay too much, you risk damaging future profit by digging too deep a hole early in your ownership cycle. As the seller, asking too little unfairly discounts the investments you made that created a successful business. Additionally, an improperly priced company sen