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Bally Technologies completes Dragonplay acquisition

4th July 2014 7:30 am GMT

US gaming supplier Bally Technologies has completed its $100m acquisition of Tel Aviv-based social casino studio Dragonplay, just under a month after the deal was originally announced.

Bally will pay $51m in cash up front for the business, with a further $49m in earn-out considerations and employee retention payments, based on the company meeting financial performance targets, over the next 18 months.

The deal was confirmed on June 5th following negotiations between the two companies, with plans [...]

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