06:28 AM EDT, 03/12/2026 (MT Newswires) -- Caesars Entertainment ( CZR ) has been in exclusive takeover discussions with Tilman Fertitta for about $7 billion after the billionaire topped a competing offer from Icahn Enterprises ( IEP ) for the betting company, The Wall Street Journal reported Wednesday, citing people familiar with the matter.

Fertitta Entertainment has been discussing paying approximately $34 per share for Caesars, the unnamed sources told the publication.

Caesars hasn't officially rejected Icahn's ( IEP ) all-cash takeover offer of about $33 per share, the WSJ reported, citing some of the sources.

Caesars didn't immediately respond to MT Newswires' requests for comment.

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