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IGT Completes iSoftBet Acquisition

IGT Completes iSoftBet Acquisition

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.

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