Aristocrat Acquires Social Gaming Company Plarium In $500m-Plus Deal

Australian slot machine manufacturer Aristocrat Leisure has entered a binding agreement to acquire Israeli social gaming developer Plarium Global for $500m cash plus a multiple of EBITDA.

The acquisition “significantly expands Aristocrat’s Digital [division’s] addressable market into adjacent gaming segments” and increases “overall exposure to the fast growing Digital market”, the company said in a statement from Sydney on Thursday.

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