Market Overview

International Game Technology To Acquire Double Down Interactive

International Game Technology (NYSE: 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.

Posted-In: merger and acquisitionNews M&A

 

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