Harrah's Sold For $27.8 billion

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Equity firms buy Harrah's in deal worth $27.8 billion
World's largest casino operator attracts record purchase price

By HOWARD STUTZ

Casino giant Harrah's Entertainment will be owned by two private equity firms in an all-cash deal worth $27.8 billion, the largest-ever transaction for a gaming company and one of the largest-ever leveraged buyouts of an American corporation.

...more - http://www.reviewjournal.com/lvrj_home/2006/Dec-20-Wed-2006/news/11522571.html (Archive copy)
 
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