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

1. Light & Wonder to acquire Grover Gaming assets for $850 million cash. 2. The deal involves a four-year revenue-based earn-out.

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FAQ

Why Bullish?

Acquisitions often enhance growth potential, similar to previous LNW acquisitions that increased stock performance.

How important is it?

The acquisition significantly influences LNW's future opportunities and market position, critical for investors.

Why Long Term?

This acquisition positions LNW for sustained growth, impacting performance over several years.

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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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