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Story summary
- Tilman Fertitta, owner of Fertitta Entertainment, is negotiating to buy Caesars Entertainment for $32 per share, valuing the deal at $6.5 billion.
- Negotiations run within a 45-day exclusive window at Fertitta's Houston headquarters.
- Caesars declined to comment; the company has reported a net loss for four consecutive quarters amid declining Las Vegas visitor numbers.
- Earlier reports show billionaire investor Carl Icahn bid $33 per share; Fertitta topped it with $34.
