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Light & Wonder Announces Strategic Acquisition of Grover Gaming's Charitable Gaming Assets

1. Light & Wonder to acquire Grover Gaming for $850 million in cash. 2. Acquisition may enhance LNW's growth in the charitable gaming sector.

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Why Bullish?

The acquisition could increase LNW's market share and revenue, similar to past strategic deals that boosted growth forecasts.

How important is it?

The acquisition can significantly influence LNW's market position and future profitability, impacting investor sentiment.

Why Long Term?

Expanded portfolio from the acquisition will benefit LNW's revenues over the long term, reflecting trends from similar past acquisitions.

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LNWG2 GamingGrover Gaming
LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries “Light & Wonder,” “L&W” or the “Company”) today announced that it has entered into a definitive agreement to acquire the charitable gaming assets (“Grover Charitable Gaming”) of Grover Gaming, Inc. and G2 Gaming, Inc. (together, “Grover Gaming”) for total consideration of $850 million cash, subject to customary purchase price adjustments, and a four-year revenue based earn-out of u.

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