Chinese consortium agrees to $4.4 billion deal for Caesars online games

Jack Ma, founder and Executive Chairman of Alibaba Group speaks during the inaugural "Xin" Philanthropy Conference in HangzhouA Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc's online games unit for $ 4.4 billion in cash, the companies said. Caesars Interactive Entertainment is currently owned by Caesars Acquisition Co (CAC) and Caesars Entertainment Corp .



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County Sheriff: Hot Air Balloon Crashes In Central Texas, No Apparent Survivors

The hot air balloon was carrying at least 16 people. The county sheriff said “it does not appear there were any survivors of the crash.” Investigators are trying to determine the victim’s identities.

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