Apollo agrees to buy IGT Gaming and Everi in a $6.3bn deal
Apollo Global Management agreed to acquire IGT's gaming and digital businesses and Everi in an all-cash transaction reportedly valued at $6.3bn. Everi shareholders are due to receive $14.25 per share, while IGT is to receive $4.05bn for IGT Gaming; IGT plans to retain its lottery business, and the previous IGT-Everi merger agreement will be superseded.
The proposed transaction reshapes ownership of two suppliers and leaves IGT's lottery business separate.