International Game Technology PLC Announces Completion of Acquisition of iSoftBet.
LONDON, July 5, 2022 /PRNewswire/ — International Game Technology PLC (NYSE:IGT) (“IGT”) today announced that it has completed its previously announced acquisition of iSoftBet, a leading igaming content provider and third-party game aggregator, for approximately €160 million in cash.
The acquisition more than doubles the IGT PlayDigital content library to approximately 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 the lead financial advisor to IGT. Wachtell, Lipton, Rosen & Katz served as legal advisors to IGT, and KPMG LLP acted as tax and financial due diligence advisor to IGT.
M. Firon & Co. and Wiggin LLP served as legal advisors to iSoftBet. BDO Israel acted as independent registered public accounting and tax firm of iSoftBet.
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 10,500 employees. For more information, please visit www.igt.com.
Phil O’Shaughnessy, Global Communications, toll-free in U.S./Canada +1 (844) IGT-7452 and outside U.S./Canada +1 (401) 392-7452
Francesco Luti, Italian media inquiries, +39 06 5189 9184
James Hurley, Investor Relations, +1 (401) 392-7190
SOURCE: International Game Technology PLC.Tags: iSoftBet, International Game Technology PLC (IGT), acquisition, Leading igaming content provider