International Game Technology PLC announced that it has completed its previously announced acquisition of online and mobile game content supplier and aggregator iSoftBet in a cash deal valued at €160 million (US$164.4 million).
The acquisition more than doubles the IGT PlayDigital content library to approximately 225 proprietary games, in addition to providing a world-class, proprietary game aggregation platform to distribute third-party games, and leading data-driven promotional and user-engagement tools.
Oakvale Capital LLP acted as lead financial adviser to IGT. Wachtell, Lipton, Rosen & Katz served as legal adviser to IGT and KPMG LLP acted as the company’s tax and financial due diligence adviser. M. Firon & Co. and Wiggin LLP served as legal adviser to iSoftBet. BDO Israel acted as independent registered public accounting and tax firm of iSoftBet.