WHEN: TODAY, THURSDAY, JANUARY 12TH
WHERE: CNBC’S “CLOSING BELL”
Following is the unofficial transcript of Breaking News from CNBC’s Kayla Tausche. All references must be sourced to CNBC.
TAUSCHE: WELCOME BACK TO CLOSING BELL I’M KAYLA TAUSCHE WITH BREAKING NEWS SLOT MACHINE MAKER IGT IS NEAR A DEAL TO BUY DOUBLE DOWN INTERACTIVE THE DEAL WOULD VALUE DOUBLE DOWN UP TO $500 MILLION THAT’S INCLUDING IGT’S CASH ACQUISITION OF THE COMPANY AS WELL AS A POTENTIAL EARN OUT ON FUTURE EARNINGS AND TAKE A LOOK AT THAT CHART OF IGT DOUBLE DOWN WAS FOUNDED IN APRIL 2010 A RELATIVELY YOUNG COMPANY BUT IT HOSTS CASINO GAMES ON FACEBOOK WHERE PLAYERS USE REAL MONEY TO GAMBLE WITH VIRTUAL CURRENCY THE DEAL COULD BE ANNOUNCED AS SOON AS TODAY AND IS VIEWED AS A WAY FOR IGT WHICH MANUFACTURES THE ACTUAL LAND GAMES YOU SEE IN CASINOS TODAY IT WOULD BE A CHANCE FOR IGT TO GET IN ON THE HIGHLY PRIZED FACEBOOK PLATFORM NEITHER COMPANY RETURNED CNBC’S CALLS FOR COMMENTS AND AS WITH ANY DEAL THERE IS A RISK THAT IT MAY NOT HAPPEN BUT AS OF TODAY IT LOOKS LIKE IGT IS NEAR A DEAL TO BUY DOUBLE DOWN BACK TO YOU.
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