In a $6.2 billion merger, International Game Technology will combine two of its units with Everi.
In a $6.2 billion merger, International Game Technology will combine two of its units with Everi.
FILE PHOTO: A screen displays the ticker symbol for International Game Technology PLC, (IGT) at the post where it is traded following it's launch on the floor of the New York Stock Exchange April 7, 2015. REUTERS/Brendan McDermid/File
(Reuters) -A deal worth $6.2 billion, including debt, saw International Game Technology separate its playdigital and global gaming companies and combine them with Everi Holdings, a manufacturer of gaming machines, on Thursday.
About 54% of the combined business is anticipated to belong to IGT shareholders, with Everi stockholders holding the remaining shares.
The agreement will split the company's products, including land-based gaming, iGaming, sports betting, and fintech, leaving it a pure-play worldwide lottery company. It was made possible by the board of IGT launching a strategic assessment of its Global Gaming and Play Digital divisions.
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