Wells Fargo Maintains Market Perform Rating and $25-26 VR on International Game Tech (IGT) Following Social Gaming Divestiture for $825M; 'Win for IGT'

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/20/2026

1. TGT
2. MRK
3. BILL
4. MRNA
5. EL
6. RARE
7. LOW
8. DE
9. ADI
10. COTY

Go back to Wells Fargo Maintains Market Perform Rating and $25-26 VR on International Game Tech (IGT) Following Social Gaming Divestiture for $825M; 'Win for IGT'

International Game Tech (IGT) Agrees to Sell Social Casino Subsidiary, Double Down Interactive for $825M

April 18, 2017 5:38 AM EDT

International Game Technology PLC (NYSE: IGT) today announced it has signed a definitive purchase agreement to sell its social casino subsidiary, Double Down Interactive LLC, to an affiliate of DoubleU Games Co., Ltd., a leading global social casino operator headquartered in Seoul, South Korea. The transaction establishes a new multi-year strategic partnership between IGT and DoubleU Games to provide innovative player experiences in the social casino market worldwide.

"Since acquiring DoubleDown in 2012, IGT... More