Street Talk

Blackstone offers to pick up Crown’s regulatory risk

Sarah Thompson, Anthony Macdonald and Tim Boyd

Apr 13, 2021 – 10.49am

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Private equity giant Blackstone has offered to take on Crown Resorts’ regulatory headaches and accelerate its proposed takeover of the casino operator.

Blackstone reckons it can have a binding $11.85 a share bid on the table by August, after making an important change to regulatory conditions attached to its indicative offer.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column.