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MGM, Caesars exploring merger

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MGM and Caesars Entertainment are considering a merger, people familiar with the matter told the New York Post.

MGM hired investment bank Morgan Stanley and law firm Weil, Gotshal & Manges for the process.

Activist hedge funds own about 25 percent of Caesars and have been seeking an MGM deal, the sources said.

Read more from the New York Post.

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