CompaniesGaming & WageringGamblingPrint articleOaktree offers Packer an exit, takes on BlackstoneElouise FowlerReporterApr 19, 2021 – 9.47amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginHoward Marks’ private equity giant Oaktree has sensationally inserted itself in the fight for the future of Crown Resorts, throwing down an offer that could spur Mr Packer to sell down his controlling stake in the company.Oaktree’s unsolicited $3 billion proposal – through a yet-to-be-determined mix of debt and equity – is an attempt to stymie US rival Blackstone’s $11.85 per share bid to takeover the casino giant, setting the stage for a potential face-off between the US giants.Loading...Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.auSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreGamblingCrown ResortsJames PackerAUSTRACPatricia BerginChinaLatest In Gaming & wageringFetching latest articlesMost Viewed In CompaniesThe Australian Financial Review MagazineThe top whisky you can buy without going on a waiting listMax AllenThe luxury travel trend you probably haven’t consideredThe restaurant that’s turning back the clock (in the best way)BOSS Financial ReviewHow Matt Comyn starts his daySally Patten and Lap PhanFrom stopping thieves in the GFC to running a $1b company, via The StarNew MP Mary Aldred urges business to help women into the LiberalsLife & LeisureThis ‘safe’ alternative to opioids is attracting big backersLuke BenedictusWhat’s the difference between $40 jeans and $400 jeans?This elusive fashion designer is finally stepping into the spotlightRich ListCinema giant flags part-sale of Sydney’s George Street complex1 hr agoSarah PettyAnnie Cannon-Brookes steps out on her ownLuxury home sales take off as Australians get richer
