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International Game Technology to merge two units with Everi in $6.2 billion deal

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By Ananta Agarwal

(Reuters) – International Game Technology said on Thursday it was separating its global gaming and playdigital businesses and combining them with gaming machine maker Everi Holdings 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.

International Game Technology to merge two units with Everi in $6.2 billion deal
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 Photo
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