US gaming and racetrack operator Churchill Downs Incorporated (CDI) has completed the acquisition of social games developer Big Fish Games at a total price that could potentially rise to $885m.
The deal was first announced in November and saw CDI make an initial payment of $485m, comprising around $16m in CDI stock, up-front cash of $384m and $85m cash to be paid over three years.
An additional earn-out payment of up to $350m may be paid [...]
