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US: Global Cash inks $1.2B gaming deal

By  |  September 8, 2014

Global Cash Access Holdings announced Monday it has reached an agreement to acquire Multimedia Games Holdings in a $1.2 billion transaction.

Reports say both companies’ boards of directors have already cleared the takeover.

In its announcement, GCA said the takeover would be strategic in offering gaming solutions to operators. GCA provides cash access services to the gaming industry, say reports, while Multimedia Games develops gaming technologies.

The companies said they expect to close the deal early next year, though the buyout remains subject to regulatory approval.

Full content: RTT News

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