×

BREAKING NEWS FROM CNBC’S KAYLA TAUSCHE: SLOT MACHINE MAKER IGT NEAR $500M DEAL FOR FACEBOOK CASINO GAME

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.

About CNBC:

With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD+, CNBC is the recognized world leader in business news providing real-time data, analysis and information to more than 390 million homes worldwide. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m.- 8:00 p.m.) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC.com and CNBC Mobile Web (mobile.cnbc.com) offer real-time stock quotes, charts, analysis and both on-demand and live streaming video.

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/