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
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