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IGT completes acquisition of iSoftBet in €160 Million Deal

Tags: IGT, iSoftBet, video slots.
Posted on 14 July 2022 by "T".

International Game Technology (IGT) Plc reported that it has finally completed its previously announced acquisition of Malta-based online casino games provider iSoftBet, for approximately €160 million in cash.

The acquisition more than doubles the content library of IGT PlayDigital to about 225 proprietary games, in addition to providing a world-class, proprietary game aggregation platform to distribute third-party games, and leading data-driven promotional and user-engagement tools.

Oakvale Capital LLP acted as lead financial advisor to IGT. Wachtell, Lipton, Rosen & Katz served as legal advisor to IGT and KPMG LLP acted as tax and financial due diligence advisor to IGT.

M. Firon & Co. and Wiggin LLP served as legal advisor to iSoftBet. BDO Israel acted as independent registered public accounting and tax firm of iSoftBet.

Source: https://www.igt.com/Explore%20IGT/News/News%20Room%20Details?Index=202207057f70

 

 


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1 comment on "IGT completes acquisition of iSoftBet in €160 Million Deal"


 CALICUL14/07/2022 12:08:16 GMT
a very interesting acquisition for IGT that proves that it wants to be even stronger than in the past and managed to conclude this business that will probably be very profitable in the future. It's a good thing for them.

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