Scientific Games, a top developer of lottery and technology-based gaming products, announced Friday it has reached an agreement to acquire gaming giant Bally Technologies in a $5.1 billion transaction.
In a statement, the companies said the combination will create a global lottery and gaming company with worldwide distribution.
According to reports, the new company is expected to have a combined revenue of about $3 billion. The deal remains subject to regulatory approval as well as clearance from Bally shareholders. The companies said they are looking to close the deal early next year.
Full content: Market Watch
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Federal Judge Suggests Possible Conditional Approval for JetBlue-Spirit Merger
Dec 5, 2023 by
CPI
Japanese Tech Lobby Urges Revision of EU Cybersecurity Labelling Scheme
Dec 5, 2023 by
CPI
EU Approves 1.2 Billion Euros in Aid to Propel EU Cloud Computing
Dec 5, 2023 by
CPI
FTC Probe into Exxon’s Record-Breaking $60 Billion Pioneer Acquisition
Dec 5, 2023 by
CPI
Ericsson and AT&T Forge Historic $14 Billion Pact
Dec 5, 2023 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Horizontal Competition: Mergers, Innovation & New Guidelines
Nov 30, 2023 by
CPI
Innovation in Merger Control
Nov 30, 2023 by
CPI
Making Sense of EU Merger Control: The Need for Limiting Principles
Nov 30, 2023 by
CPI
Sustainability Agreements in the EU: New Paths to Competition Law Compliance
Nov 30, 2023 by
CPI
Merger Control and Sustainability: A New Dawn or Nothing New Under the Sun?
Nov 30, 2023 by
CPI