Apollo Funds to Buy IGT's Gaming, Everi in $6.3 Billion Deal.

Apollo Global Management Inc. has agreed to acquire International Game Technology Plc's gaming division and Everi Holdings Inc. in a $6.3 billion all-cash deal. The merger will bring together IGT's video, electronic table, and Wheel of Fortune games with Everi's Bingo and casino offerings. The newly formed company will be headquartered in Las Vegas and is expected to be completed by the end of the third quarter of 2025. After the sale, IGT Gaming will become a pure-play, global lottery business, and Everi will be delisted from the New York Stock Exchange. [Extracted from the article]