 "Apollo Funds to buy IGT's gaming, digital business, Everi in $6.3 bn deal")
Apollo Funds will take International Game Technology's gaming and digital business and Everi Holdings private in a deal valued at $6.3 bn, IGT said on Friday.
Shares of IGT were up 18.75 per cent, while Everi rose 32 per cent 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.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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