Scientific Games Corp : Scientific Games to buy WMS Industries for $1.5 billion
January 31, 2013 at 07:44 am EST
By
Share
(Reuters) - Scientific Games Corp (>> Scientific Games Corp), which makes tickets and software for lotteries, said it would acquire WMS Industries Inc (>> WMS Industries Inc.) for about $1.5 billion.
(Reuters) - Scientific Games Corp (>> Scientific Games Corp), which makes tickets and software for lotteries, said it would acquire WMS Industries Inc (>> WMS Industries Inc.) for about $1.5 billion.
Scientific Games will pay $26.00 for each WMS common share, a 59 percent premium to WMS stock's closing price of $16.37 on the New York Stock Exchange on Wednesday.
(Reporting by Chris Peters in Bangalore; Editing by Sriraj Kalluvila)
Light & Wonder, Inc. is a cross-platform global games company with a focus on content and digital markets. The Company's segments include Gaming, SciPlay and iGaming. The Gaming segment designs, develops, manufactures, markets and distributes a comprehensive portfolio of gaming content, products and services. The Company provides its gaming portfolio of products and services to commercial casinos, Native American casinos, wide-area gaming operators such as licensed betting offices (LBOs), arcade and bingo operators in the United Kingdom and continental Europe, and government agencies and their affiliated operators. The SciPlay segment is a developer and publisher of digital games on mobile and Web platforms. The SciPlay segment operates primarily in the social gaming market and hyper-casual space. The iGaming segment provides a comprehensive suite of digital gaming content, distribution platforms, player account management systems, as well as various other iGaming content and services.