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Tag Archives: IGT< online gaming

US – IGT to sell Double Down for $825m

International Game Technology has signed a definitive purchase agreement to sell its social casino subsidiary, Double Down Interactive, to an affiliate of DoubleU Games, a leading global social casino operator headquartered in Seoul, South Korea. The cash purchase price is $825m, which represents 10.5x DoubleDown’s full-year 2016 Adjusted EBITDA. The transaction establishes a new multi-year…