International Game Technology to merge two units with Everi in $6.2 bln deal (updated)

Everi Holdings

29/02/2024 11:25

(Adds details from release in paragraphs 2, 3, 4)
       Feb 29 (Reuters) - International Game Technology  IGT.N 
said on Thursday it was separating its global gaming and
playdigital businesses and combining them with gaming machine
maker Everi Holdings  EVRI.N  in a deal valued at $6.2 billion,
including debt.
    IGT shareholders are expected to own about 54% of the
combined company, with the rest going to Everi stockholders.
    The deal, which comes after IGT's board launched a strategic
review of its Global Gaming and PlayDigital businesses, will
separate the firm's offerings such as land-based gaming,
iGaming, sports-betting and fintech, leaving it a pure-play
global lottery business. 
 

 (Reporting by Ananta Agarwal in Bengaluru; Editing by Anil
D'Silva and Devika Syamnath)
 ((Ananta.agarwal@thomsonreuters.com;))