Light & Wonder Finalizes SciPlay Acquisition

Leading gambling products and services provider Light & Wonder has finalized the acquisition of SciPlay Corporation, a developer and publisher of digital games on mobile and web platforms. Announced earlier this year, the M&A deal was signed in early August.

Under the deal, Light & Wonder acquired the remaining 17% equity interest in SciPlay for the price of $22.95 per share. The money was paid in all-cash transactions, in accordance with the agreement.

Approved by the two companies’ boards, the move has now cemented SciPlay as a subsidiary of Light & Wonder. As a result, SciPlay’s common stock will no longer be available on the Nasdaq Global Select Market.

At the time of the announcement of the final deal, Matt Wilson, Light & Wonder’s president and chief executive officer, said that the move will provide the two companies’ teams with flexibility to make further investments in the development and launch of cross-platform game. As a result, both parties will be able to generate more shareholder value.

Light & Wonder Will Support SciPlay’s Momentum

Wilson also spoke about the finalization of the deal, confirming that the deal will cement Light & Wonder as a more streamlined and financially-strong organization. He praised SciPlay as a consistent performer, praising it for its record-setting results and market performance. Wilson is looking forward to helping SciPlay build on its “considerable momentum.”

As one company, we will drive improved collaboration between our talented teams to build and deploy the most engaging games across our digital and land-based platforms and create a more seamless, best-in-class player experience.

Matt Wilson, president & CEO, Light & Wonder

Light & Wonder is a company with a strong corporate culture and values, encouraging teamwork and creativity. Thanks to its OPENGAMING platform, the provider supplies content to multiple operator partners, enhancing their gaming offerings.

Light & Wonder also aggregates content from multiple leading developers. Some of its latest deals saw it expand its long-term partnership with ReelPlay and help Spribe penetrate the American gaming market.

Earlier this month, the company presented some of its new products at G2E, unveiling a new slot based on the famous Korean series Squid Game.