Paulson & Co. invests in Harrah's Entertainment stake

06/4/2010 | Bloomberg Businessweek

The Paulson & Co. hedge fund partnered with Apollo Management and TPG Capital to acquire a stake in Harrah's Entertainment. The three investment companies will exchange $1.12 billion of Harrah's debt for a 15.6% stake in the casino company. Paulson & Co. also acquired shares of MGM Mirage and Boyd Gaming Corp. earlier this year.

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