Caesars Extends Talks for $18 Billion Takeover by Golden Nugget Owner

Caesars Entertainment Inc. has extended a period of exclusive talks about an $18 billion takeover by Tilman Fertitta as new details about the deal emerge.

Fertitta, the owner of the Golden Nugget casino chain, has been in talks to purchase Caesars for about $32 a share, according to people familiar with the discussions. There’s no certainty that a deal will be reached, but the parties are close.