Harrah's goes private

LAS VEGAS -- Harrah's Entertainment Inc. said its $17.1 billion acquisition closed as scheduled Monday, marking the company's transition to private following the world's largest casino buyout. Harrah's agreed in December 2006 to be bought by affiliates of Texas Pacific Group and Apollo Global Management LP, and shareholders approved the deal April 5. Stockholders will receive $90 in cash for each share they own.