Crown Resorts agrees to $9bn takeover by Blackstone

Crown’s chair Ziggy Switkowski said the board unanimously recommended the offer which is still subject to gaming regulator approval

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Casinos and gaming company Crown Resorts has sealed terms for its $8.9bn takeover by global private equity group Blackstone.

Under the deal, Blackstone will buy all of the listed shares in Crown for $13.10 each.

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