Blackstone takes $360 million stake in Australia’s Crown, stoking buyout hope
SYDNEY/BENGALURU (Reuters) – Private equity company Blackstone Group Inc (BX.N) bought a near 10% stake in Australian casino operator Crown Resorts Ltd (CWN.AX) from Macau’s Melco Resorts & Entertainment Ltd (MLCO.O), sending Crown shares soaring amid hopes of a buyout. The deal accomplishes Melco’s plan to exit its Crown holdings as casino companies around the […]