IGT announced in April that they have agreed to purchase iSoftBet, which will significantly expand its IGT PlayDigital content library to approximately 225 games.
With this acquisition, IGT will also gain a proprietary game aggregation platform for distributing third-party games, as well as data-driven promotional and user-engagement tools.
Vince Sadusky, the CEO of IGT, stated in April that the acquisition of iSoftBet will bring market-tested proprietary digital content, advanced game aggregation capabilities, scalable promotional tools, analytics, and strong creative talent to IGT’s PlayDigital operations.
The financial advisory services for IGT were provided by Oakvale Capital LLP, while legal advisory services were provided by Wachtell, Lipton, Rosen & Katz. KPMG LLP acted as the tax and financial due diligence advisor.
Prior to this deal, IGT signed an agreement in February to sell its Italian proximity payment business to PostePay – Patrimonio Destinato for €700.0m. This business offers various services through a payment technology platform and a network of 54,000 points of sale, including bill payments, prepaid payment cards, telco and e-vouchers top-up, and merchant and enterprise services.
