SciPlay Plunged 17% After Sale Talks With Scientific Games End

Tiger Newspress2021-12-23

SciPlay Corp., the maker of mobile and web games such as Jackpot Party Casino, fell more than 17% in premarket trading after ending talks to sell out to majority ownerScientific Games Corp., a large supplier to the gambling industry.

The two sides were unable to come to terms after a special committee of SciPlay’s board rejected Scientific Games’ initial stock-swap offer, according to a statement Wednesday.

Scientific Games said in July that SciPlay would help it achieve a goal to become a cross-platform global gaming company. Las Vegas-based Scientific Games has been repositioning, and agreed in October to sell its lotteries business to Brookfield Asset Management Inc.for almost $6 billion.

The company already owns 81% of SciPlay and had offered 0.25 of its shares for each share of SciPlay it didn’t already hold.

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Comments

xvin23
2021-12-23
xvin23
Like pls
WW1012
2021-12-23
WW1012
Oh
Daleo
2021-12-23
Daleo
Like
SanWangtikup
2021-12-23
SanWangtikup
Tell me your opinion about this news...
yattreblif
2021-12-23
yattreblif
Oh
- yattreblif:
  kay
Jaden994
2021-12-23
Jaden994
Pls like
- ZStarWyvernZ:
  cool
- WWXY:
  done

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