Light & Wonder has entered into a definitive agreement to acquire SciPlay Corporation. This transaction results in the full integration of SciPlay as a wholly-owned subsidiary, leading to the delisting of SciPlay from the Nasdaq Global Select Market. The acquisition is intended to streamline the organizational structure of Light & Wonder, providing the necessary operational and financial strength to accelerate the company’s cross-platform strategy. By moving to 100% ownership, the firm expects to drive improved collaboration between teams, facilitating the development and deployment of engaging games across both digital and land-based platforms. This unified approach is designed to create a more seamless and best-in-class player experience. The move represents a consolidation of high-growth digital assets into the parent platform, signaling a broader industry trend where traditional gaming giants are aggressively integrating digital and mobile gaming developers to capture higher user engagement and recurring revenue.

SCIPLAY CORPORATION, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the average currently observed in the TMT (Tech, Media, Telecom) sector (13.6x).

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