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Crown’s marathon deal will get Packer’s royal assent

Crown’s major shareholder James Packer will not stand in the way of the deal to sell the company to US private markets giant Blackstone. 

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The $8.9 billion Valentine’s Day engagement between casino giant Crown Resorts and US private markets giant Blackstone comes at the end of a period of deal-making that has been at times exhausting, exhilarating and excruciating for all of the parties involved.

Both sides have played this well.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/crown-s-marathon-deal-will-get-packer-s-royal-assent-20220214-p59w94