[ Home ]

[ Slots News ]

IGT Talking to Cyberview

International Game Technologies, or IGT, has been in talk with Cyberview Technology with plans of a merger between the two companies. The B&M and online slots company says that they are still in the early negotiations part of the deal, and that the aggregate consideration for Cyberview’s outstanding equity securities is $70 million.

According to the preliminary terms of the deal, shareholders, warrant holders and option holders of Cyberview would get paid. Of course, they are quick to say that the terms of the deal could change at any time as they are still in discussions. They say that they have to do their due diligence and negotiate the terms of a definitive agreement before they can even move on to the regulatory and board approvals.

They also have to get the permission of the shareholders of Cyberview as well. They say that there is no assurance that the deal will even go through, and that they are simply in the talking phase of it. They say that more information will be released as the deal is finalized or if they choose not to move forward at all.

IGT is known for their slots technology, and controls roughly two-thirds of the US slots market. They handle B&M slots as well as the software for online slots and gambling sites. They run lottery terminals and progressive jackpot slots networks as well. They are considered one of the foremost leaders in the slots and slots technology industry.

Back to March 2008 Archive.