Worldwide Recreation Expertise (IGT) on Monday introduced that it has entered right into a definitive settlement to accumulate iSoftBet, a number one igaming content material supplier and third-party recreation aggregator, for roughly €160 million (over $174M) in money.
The acquisition will greater than double the IGT PlayDigital content material library to roughly 225 proprietary video games, along with offering a proprietary recreation aggregation platform to distribute third-party video games, and data-driven promotional and user-engagement instruments.
“The acquisition of iSoftBet will present market-tested proprietary digital content material, superior recreation aggregation capabilities, scalable promotional instruments, analytics and powerful inventive expertise to IGT’s PlayDigital operations,” stated Vince Sadusky, IGT CEO. “It will improve PlayDigital’s aggressive capabilities with a confirmed, complementary content material portfolio throughout Europe and North America as we offer best-in-class video games and know-how to our fast-growing igaming clients.”
The acquisition is expected to be accomplished in the course of the second quarter of 2022, topic to the satisfaction of customary closing situations.
Oakvale Capital LLP is performing as lead monetary advisor to IGT, whereas Wachtell, Lipton, Rosen & Katz act as authorized advisor, and KPMG LLP as tax and monetary due diligence advisor to IGT. M. Firon & Co. and Wiggin LLP are performing as authorized advisors to iSoftBet, and BDO Israel is performing as unbiased registered public accounting and tax agency of iSoftBet.
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