The Blackstone Group has made a proposal to Crown Resorts to acquire all of its shares for AU$8bn ($6.18bn).
The offer is unsolicited, non-binding, indicative one and offers an indicative price of AU$11.85 per share.
Blackstone currently holds approximately 10% of shares in Crown Resorts and it owns stakes in Las Vegas properties such as the MGM Grand and the Bellagio.
As per Gambling insider, Crown said: “The Crown Board has not yet formed a view on the merits of the proposal. It will now commence a process to assess the proposal, having regard to the value and terms of the proposal and other considerations. It will also engage with relevant stakeholders including regulatory authorities.”