In 2008, just before the financial crisis hit, Apollo Global Management (APO - Get Report) and TPG completed their purchase of Harrah's Entertainment for $17.3 billion. In a sin of the markets exuberance, the private equity firms had to pay $90 a share for the world's biggest casino operator to up a bid of $87 a share made by Penn National Gaming (PENN - Get Report), a much smaller casino operator, and hedge fund D.E. Shaw.
9 Biggest Deals Left From the Buyout Boom
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