Funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) entered into definitive agreement to acquire the Gaming & Digital Business of International Game Technology PLC (NYSE:IGT) for approximately $4.1 billion on July 26, 2024. Under the terms of the transaction agreements, the Parent will receive approximately $4.05 billion in cash, subject to customary transaction adjustments in accordance with the Transaction Agreements, for IGT Gaming. Upon completion of the sale of IGT Gaming to the Apollo Funds, IGT will change its name and stock ticker symbol, becoming a premier pure play lottery business. The transaction with the Apollo Funds has been unanimously approved by a special committee of the IGT Board of Directors. The acquisitions of IGT Gaming and Everi by the Apollo Funds are cross-conditioned. The Proposed Transaction represents a strategic shift that will have a major effect on the Company?s operations and financials results. Accordingly, the business will be considered held for sale and the Company expects to present the operating results and cash flows of the IGT Gaming disposal group as discontinued operations for all periods presented beginning in the third quarter of 2024. As of December 5, 2024, Hector Fernandez has resigned his post as Chief Executive Officer of slot supplier Aristocrat Gaming and will become Chief Executive Officer of the combined enterprise formed by Apollo Global Management through the acquisition of IGT?s gaming division and Everi Holdings Inc. On June 17, 2025, International Game Technology PLC (NYSE:IGT) announced that its global lottery organization will begin doing business as Brightstar Lottery, effective immediately. The legal name of the Company will remain "International Game Technology PLC" until the formal name change to "Brightstar Lottery PLC" is registered with the U.K. Companies House, which is expected to occur after the closing of the sale. After the closing of the Proposed Transaction, the International Game Technology?s ordinary shares will continue to be listed on the NYSE under the new ticker symbol, BRSL, and the International Game Technology?s CUSIP will not change. Trading under the International Game Technology's business name, Brightstar Lottery, and new ticker symbol is expected to commence on or about July 2, 2025. No action is needed from current stockholders with respect to the name or ticker symbol change. It is anticipated that the Buyer and Everi will use the "IGT" and "International Game Technology' names following the closing of the Proposed Transaction.

The transaction is subject to customary closing conditions, Hart-Scott-Rodino Antitrust Improvements act including the receipt of regulatory approvals. IGT shareholder approval is not required for the transaction. The transaction is expected to be completed by the end of the third quarter of 2025. IGT expects significant portions of the cash proceeds to be used to repay debt and to be returned to shareholders. As of November 14, 2024, Everi stockholders have approved the pending simultaneous acquisition of Everi and the Gaming & Digital business of International Game Technology by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management. As on November 20, 2024, applicable waiting period under the HSR Act expired at 11:59 p.m. The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the Proposed Transaction, which is expected to close by the end of the third quarter of 2025, and remains subject to other conditions and regulatory approvals.

Deutsche Bank and Macquarie Capital are providing financing commitments for the transaction. Macquarie Capital, Deutsche Bank, and Mediobanca are serving as financial advisors to IGT, and Paul L. Choi , Scott R. Williams, Brent M. Steele, Angela Fontana, Sean Damm, Vincent Brophy, Rosanna Connolly, David E. Teitelbaum, Johnny G. Skumpija, Sonia Gupta Barros, Adam M. Gross, Sara M. von Althann, Lauren A. Gallagher, Corey Perry, Heather M. Palmer, Sarah A. Jehl, Sven De Knop, Scott J.F. Goldstein, Peter McCorkell, Cathryn Le Regulski, Colleen Theresa Brown, Elizabeth K. McCloy, Jim Ducayet, Suresh T. Advani, Oliver Currall and Mark L. Kaufmann of Sidley Austin LLP, White & Case LLP and Wachtell, Lipton, Rosen & Katz are serving as legal counsel to IGT. Ross Fieldston, Ian Hazlett and counsel Rosita Lee, Gregory Ezring, Mark Wlazlo, Danielle Penhall, Brian Janson, David Lakhdhir, Matthew Goldstein, Lisa Koff, Nathan Mitchell and Zuzanna Knypinski; Brad Okun, Sohail Itani, Cian O?Connor, Jamie Chambers; Claudine Meredith-Goujon; Rebecca Coccaro, Reuven Falik, Sasha Belinkie; Annie Herdman, John Magruder, Chad de Souza; Andrew Finch, Gregory Laufer, Andrew Ehrlich, Charles Crandall, Darren Johnson and Peter Fisch of Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to the Apollo Funds. Wells Fargo Securities, LLC acted as financial advisor to Apollo Global Management, Inc.

Funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) completed the acquisition of the Gaming & Digital Business of International Game Technology PLC (NYSE:IGT) on July 1, 2025.