Light & Wonder, Inc. / Grover Gaming and G2 Gaming charitable gaming assets
Completed · As at · Announced
Transaction
- Buyer
- Light & Wonder, Inc.
- Target
- Grover Gaming and G2 Gaming charitable gaming assets
- Consideration
- $850m announced upfront; up to $200m earn-out · Light & Wonder, Inc.
- Revenue
- USD 135,000,000 · FY2024 · acquired business · preliminary unaudited · Light & Wonder, Inc.
- Adjusted EBITDA
- USD 111,000,000 · FY2024 · acquired business · preliminary unaudited · Light & Wonder, Inc.
19 May is completion-release publication date; legal close was 16 May. · Light & Wonder, Inc., Light & Wonder, Inc.
Headline is original announced consideration; filing subsequently reports $858m adjusted cash and $56m contingent fair value. · Light & Wonder, Inc., Light & Wonder, Inc.
Do not mix historical and run-rate EBITDA multiples. · Light & Wonder, Inc., Light & Wonder, Inc.
Timeline
- · Completed · Light & Wonder, Inc.
- · Announced · Light & Wonder, Inc.
Sources
- Light & Wonder, Inc.: Light & Wonder announces Grover acquisition ·
- Light & Wonder, Inc.: Light & Wonder FY2025 Form 10-K
Latest source: