STOP PRESS: IGT to buy Cyberview
Published: 27 June, 2008
International Game Technology has announced that its wholly owned subsidiary, IGT, has entered into an agreement to purchase substantially all of the assets and business of Cyberview Technology, Inc., including cash on hand of approximately $17 million, for a cash purchase price of $76 million. IGT will also enter into a licence agreement with Cyberview to gain access to certain Cyberview patents and technology not included in the asset purchase, for a one-time licence fee of $9 million.
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