Fertitta Entertainment has agreed to acquire Caesars Entertainment in a $17.6 billion all-cash deal, including $11.9 billion of Caesars’ debt.

Fertitta Entertainment has announced its agreement to acquire Caesars Entertainment in a deal valued at $17.6 billion, encompassing $11.9 billion of Caesars’ existing debt. The transaction, subject to approval from Caesars’ shareholders, has already been greenlit by the board of directors, who have urged shareholders to accept the merger agreement.