International Game Technology To Acquire Double Down Interactive

by Monica Gerson, Benzinga Staff Writer

January 13, 2012 4:42 AM | 17 seconds read | Make a Comment

International Game Technology

IGT

reached a definitive agreement to acquire social-media developer Double Down Interactive LLC for up to $500 million. IGT projects to fund the transaction from cash on hand. The transaction is likely to close in fiscal second quarter. IGT shares gained 1.18% to $17.99 in pre-market trading.

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