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GCA agrees $1.2bn deal to acquire Multimedia Games

8th September 2014 12:19 pm GMT

Payment solutions provider Global Cash Access (GCA) has broadened its portfolio of solutions for the gaming industry with the acquisition of games supplier Multimedia Games for $1.2bn in cash.

The merger agreement will see GCA acquire all the outstanding common stock of Multimedia Games Holding Company for $36.50 per share, representing a 31 per cent premium to the closing stock price on Friday.

GCA president and CEO Ram Chary said that the acquisition represented a “gaming-relevant [...]

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