Private equity giant Apollo Global Management is among the potential suitors seeking to acquire International Game Technology’s global gaming division, Bloomberg News reported on Wednesday.
IGT’s gaming unit could fetch $4bn to $5bn in a sale, including debt, the report said, citing people with knowledge of the matter.
“We are still in the process of exploring strategic alternatives for our Global Gaming and PlayDigital segments and can’t comment on rumors or speculation,” IGT said when contacted by Reuters.
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Apollo Global did not immediately respond to a Reuters’ request for comment.
UK-based IGT said in June that it was exploring strategic alternatives for its global gaming and PlayDigital segments, which includes, but is not limited to, a sale.
The two segments generated about $436m in revenue in the first quarter of this financial year.
Source: Reuters
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