Posted by kingpin15 on 26th of Jul 2024 at 10:30 am
Apollo Global Management is raising its bet on the gaming
market.
The New York private equity firm is buying Everi Holdings and
the gambling and slot machine business of International Game
Technology in a deal valued at about $6.3 billion. The transaction
replaces a previous deal in which IGT said it would spin out its
gaming arm and merge it with Everi to build a company generating
about $2.7 billion in annual revenue.
As part of the retooled transaction announced Friday, Everi's
shareholders are set to receive $14.25 a share in cash, a 56%
premium to the last closing price, while IGT gets $4.05 billion of
the gross proceeds for its IGT Gaming business.
AVGO TSM possible bear flags
Posted by steve on 23rd of Jul 2024 at 10:06 pm
AVGO TSM possible bear flags and NVDA rejected near 20 day MA today
NVAX ENVX EVRI long watch
EVRI ripper
Posted by steve on 26th of Jul 2024 at 10:26 am
EVRI ripper
Apollo Global Management is raising
Posted by kingpin15 on 26th of Jul 2024 at 10:30 am
Apollo Global Management is raising its bet on the gaming market.
The New York private equity firm is buying Everi Holdings and the gambling and slot machine business of International Game Technology in a deal valued at about $6.3 billion. The transaction replaces a previous deal in which IGT said it would spin out its gaming arm and merge it with Everi to build a company generating about $2.7 billion in annual revenue.
As part of the retooled transaction announced Friday, Everi's shareholders are set to receive $14.25 a share in cash, a 56% premium to the last closing price, while IGT gets $4.05 billion of the gross proceeds for its IGT Gaming business.
Thanks kingpin
Posted by steve on 26th of Jul 2024 at 10:40 am
Thanks kingpin