Blackstone is a global investor, managing funds on behalf of pension funds, institutions and individuals.
- Blackstone has launched a takeover offer for Australian casino operator Crown Resorts
- valuing the company at $US6 bn
- Regulators are currently conducting investigations into Crown's business practices and threaten to rescind its casinos licenses
- Blackstone's offer is conditional on Australian gaming regulators allowing Blackstone to own and operate Crown casinos in Sydney, Melbourne and Perth.
- Crown says its assessing Blackstone's offer
Info vid DJ / WSJ, link here for more (may be gated)
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This has potential M&A implication for flows into AUD/USD .
