Apollo Funds to acquire IGT's gaming business, Everi in $6.3bln deal

Reuters/Dado Ruvic/Illustration

Shares of IGT were up 18.75%, while Everi rose 32% in premarket trading

Nathan Gomes, Reuters News

July 26, 2024

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Apollo Funds will take International Game Technology's gaming and digital business and Everi Holdings private in a deal valued at $6.3 billion, IGT said on Friday.

Shares of IGT were up 18.75%, while Everi rose 32% 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.

(Reporting by Nathan Gomes in Bengaluru; Editing by Shilpi Majumdar)

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