New York • Scientific Games plans to pay about $3.3 billion to buy Bally Technologies in a deal that would combine makers of gambling equipment ranging from slot machines to instant-win lottery games.
The electronic gambling machine maker said Friday that it will pay $83.30 for each share of Bally. That amounts to a 38 percent premium to Bally's closing price of $60.17 on Thursday.
The deal value totals $5.1 billion counting about $1.8 billion in Bally debt.
The companies expect the transaction to close early next year, but it still needs approval from Bally shareholders and antitrust and gambling regulators.