Light & Wonder Submits Proposal To Purchase Remaining Shares Of SciPlay

Light & Wonder, previously known as Scientific Games Corp, a flagship developer of land-based and digital games based in Las Vegas, Nevada, has reported its latest proposal to purchase the remaining 17% stake in digital gaming company, SciPlay Corp.

“SciPlay’s board has received an offer from the company in which Light & Wonder proposes to pay US$20.00 per SciPlay share, in an all-cash contract valued at US$422 million,” according to a Thursday press release. In addition, if the deal closes, SciPlay would officially become a wholly owned subsidiary of Light & Wonder. In this regard, the suitor stated that “the transaction would unify Light & Wonder businesses and balance sheet, accelerating the company’s cross-platform strategy, and optimizing investment of capital.”

 

[GamblingBoy]

Light and Wonder is in best position to determine its position on the purchase of the remaining 17% stake of SciPlay Corp. Since the arrangement had been concluded and only remains for the management of the SciPlay to assess and transfer the ownership to Light and Wonder, I'm waiting to see the outcome of the deal.