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Aug. 3, 2016

Chinese investors buy Caesars' mobile gaming division

A consortium of Chinese private equity firms, in partnership with Shanghai Giant Network Technology Co., has agreed to buy Caesars Interactive Entertainment Inc.'s social and mobile gaming business for $4.4 billion with counsel from Fenwick & West LLP. Latham & Watkins LLP advised Caesars.

By Banks Albach
Daily Journal Staff Writer

A consortium of Chinese private equity firms, in partnership with Shanghai Giant Network Technology Co., one of China's largest gaming networks, has agreed to buy Playtika, Caesars Interactive Entertainment Inc.'s social and mobile gaming business, for $4.4 billion with counsel from Fenwick & West LLP. Latham & Watkins LLP advised Caesars.

Under the terms of the deal, Pla...

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