Igt acquires iSoftBet, signed the final agreement
Igt PlayDigital content library will more than double to approximately 225 proprietary games, IsoftBet will provide Igt PlayDigital with advanced third-party game aggregation platform.
“The acquisition of iSoftBet will provide market-tested proprietary digital content, advanced game aggregation capabilities, scalable promotional tools, analytics and strong creative talent to Igt’s PlayDigital operations.”
Thus Vince Sadusky, Ceo of Igt, announces the signing of a definitive agreement for the acquisition of iSoftBet, a leading provider of i-gaming content and third-party game aggregator, for approximately 160 million euros in cash.
The acquisition will more than double 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.
“This will enhance PlayDigital’s competitive capabilities with a proven, complementary content portfolio across Europe and North America as we provide best-in-class games and technology to our fast-growing igaming customers”, says Sadusky.
The acquisition is expected to be completed during the second quarter of 2022, subject to the satisfaction of customary closing conditions.
Oakvale Capital Llp is acting as lead financial advisor to Igt. Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Igt and Kpmg Llp is acting as tax and financial due diligence advisor to Igt.
M. Firon & Co. and Wiggin LLP acting as legal advisor to iSoftBet. Bdo Israel is acting as independent registered public accounting and tax firm of iSoftBet.