Intralot to Acquire Bally’s International Interactive in $3.18 Billion Deal

Intralot said it has agreed to acquire Bally’s International Interactive in a cash-and-stock deal that values the business at 2.7 billion euros ($3.18 billion.)

The Greek company said its board and the board of Bally’s have both approved an agreement that involves Intralot paying €1.53 billion in cash and issuing €1.14 billion of new Intralot shares at an implied value of €1.3 apiece.