Apollo Funds to acquire IGT's gaming business, Everi in $6.3 bln deal (updated)

Everi Holdings

26/07/2024 12:07

(Adds details throughout, shares)
       July 26 (Reuters) - Apollo Funds will take International
Game Technology's  IGT.N  gaming and digital business and Everi
Holdings  EVRI.N  private in a deal valued at $6.3 billion, IGT
said on Friday.
    Shares of IGT were up 18.75%, while Everi rose 32% in
premarket trading.
    The deal, subject to regulatory approvals and approval by
Everi stockholders, is expected to be completed by the end of
the third quarter of 2025.
    IGT shareholders approval is not required for the
transaction.
    After the closing, IGT Gaming and Everi would be privately
owned companies that are part of one combined enterprise.

 (Reporting by Nathan Gomes in Bengaluru; Editing by Shilpi
Majumdar)
 ((Nathan.Gomes@thomsonreuters.com;))