Packer Gets Crown Exit Path With $2.3 Billion Oaktree Offer
- Oaktree offers to fund Crown purchase of Packer’s 37% stake
- Offers puts Packer at center of bidding war with Blackstone
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James Packer has a potential new exit path from troubled casino operator Crown Resorts Ltd. after Oaktree Capital Management LP offered to help Crown fund a purchase of the billionaire’s shares.