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Blackstone bids US$6.2B for Crown Resorts

American investment fund Blackstone has made a bid to acquire Australian gaming operator Crown Resorts, the gaming company revealed in a recent announcement.

According to Crown, Blackstone made ‘an unsolicited, non-binding and indicative proposal’ to purchase all of Crown’s shares at an indicative price of A$11.85 cash per share, a premium 19 per cent higher than the volume-weighted average price of the company’s shares since the release of its latest financial report.

The proposal would value Crown at some A$8.02 billion (US$6.2 billion).