Apollo Funds to Buy IGT’s Gaming, Everi in $6.3 Billion Deal (1)

Apollo Global Management Inc. has agreed to buy International Game Technology Plc’s gaming division and the gambling machines company Everi Holdings Inc. in a $6.3 billion, all-cash deal that will see the two businesses merged.

The takeover will bring IGT’s products, which include video, electronic table and Wheel of Fortune games, and Everi’s Bingo and casino offerings under one roof. Apollo Global was said to have been among the potential suitors vying to buy IGT’s global gaming division last year, Bloomberg News reported.

“As an active investor in the gaming and leisure sector for many years, we have ...