Apollo Global among suitors for IGT's global gaming division- Bloomberg News
Reuters
Published Sep 13, 2023 07:14PM ET
Updated Sep 13, 2023 08:52PM ET
(Reuters) - Private equity giant Apollo Global Management (NYSE:APO) is among the potential suitors seeking to acquire International Game Technology (NYSE:IGT)'s global gaming division, Bloomberg News reported on Wednesday.
IGT's gaming unit could fetch $4 billion to $5 billion 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.
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 $436 million in revenue in the first quarter of this financial year.
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Written By: Reuters
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