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GTECH creates global gaming giant with $6.4bn IGT acquisition

16th July 2014 7:18 am GMT

Italy’s GTECH has entered into a definitive merger agreement with US gaming supplier International Game Technology (IGT) in a $6.4bn deal which will create a new global gaming and lottery giant.

The transaction, rumours of which were first revealed last month, will create the world's leading end-to-end gaming company, with the $6.4bn price comprising $4.7bn in cash and stock and the assumption of $1.7bn in net debt.

It will see IGT's game library and manufacturing and [...]

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