Harrah’s Receives Buyout Bid

Wow! Harrah’s confirmed it has received a buyout bid, reportedly for $15.1 Billion US Dollars from an investment group. That’s right, FIFTEEN POINT ONE BILLION! It sounds like the preposterously inflated number used in that scene from Austin Powers, but it’s real.
It’s still under review, but a sale will likely be reported by the end of the week. The buyout is a 22% premium on the $76 per share that the stock is currently trading.
On a day that online gaming prices tumbled on the london stock exchange, one might wonder if this bid is coming from Party Gaming…

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