Caesars Entertainment stock soars after Carl Icahn builds stake

3:46 PM ET Fri, 11 Jan 2019

CNBC's Leslie Picker discusses Caesars' stock jump after billionaire Carl Icahn takes a stake in the gambling giant, according to sources. Last year, Tilman Fertitta, owner of the Houston Rockets and Landry’s, proposed a deal of $13 cash and stock for Caesars. Shares of Caesars jumped in early trading on Friday after falling 46 percent last year.