A screen displays the ticker symbol for International Game Technology PLC, (IGT) at the post where it is traded following it’s launch on the floor of the New York Stock Exchange April 7, 2015. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights
Sept 13 (Reuters) – Private equity giant Apollo Global Management (APO.N) is among the potential suitors seeking to acquire International Game Technology’s (IGT.N) 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.
Reporting by Jose Joseph in Bengaluru; Additional reporting by Anirudh Saligrama and Chandni Shah Editing by Shailesh Kuber and Subhranshu Sahu
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