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Business deals

Crown Resorts keen on Blackstone's $6.5bn buyout offer

Shares jumps 9% on news, hitting highest mark since June 2021

The buyout of Australia's Crown Resorts by Blackstone could be signed by the end of January, according to a source.   © Reuters

Australia's biggest casino operator, Crown Resorts Ltd, said on Thursday its board was likely to back an improved A$8.87 billion ($6.46 billion) buyout proposal from U.S. private equity firm Blackstone Inc unless a higher offer emerged.

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