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AAP
AAP
National
Emily Woods

Court approves $8.9b Crown takeover

Crown James Packer Blackstone Crown Resorts
Billionaire James Packer stands to receive $3.26b from the sale of Crown Resorts. (AAP)

The $8.9 billion takeover of Crown Resorts by US private equity giant Blackstone has cleared its final hurdle with the federal court approving the acquisition.

Billionaire James Packer, who owns 37 per cent of Crown shares, is set to receive $3.26 billion from the sale, after the court approved the deal on Wednesday.

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