M&A Deal Summary

Light & Wonder Acquires Spicerack Media

On April 11, 2017, Light & Wonder acquired digital media company Spicerack Media

Acquisition Highlights
  • This is Light & Wonder’s 1st transaction in the Digital Media sector.
  • This is Light & Wonder’s 4th transaction in the United States.
  • This is Light & Wonder’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2017-04-11
Target Spicerack Media
Sector Digital Media
Buyer(s) Light & Wonder
Deal Type Add-on Acquisition
Advisor(s) Oakvale Capital (Financial)

Target

Spicerack Media

Chattanooga, Tennessee, United States
Spicerack Media, Inc. is a mobile and social game company. Spicerack Media, Inc. was founded in 2007 and is headquartered in Chattanooga, Tennessee.

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Buyer(S) 1

Buyer

Light & Wonder

Las Vegas, Nevada, United States

Category Company
Founded 1984
Sector Gaming
Employees6,800
Revenue 3.2B USD (2024)
DESCRIPTION

Light & Wonder is a developer of technology-based products and services and associated content for worldwide gaming and lottery markets. The Company's portfolio includes instant and draw-based lottery games; electronic gaming machines and game content; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and social, mobile and interactive content and services. Light & Wonder was established in 1984 and is based in Las Vegas, Nevada.


DEAL STATS #
Overall 8 of 25
Sector: Digital Media M&A 1 of 9
Type: Add-on Acquisition M&A Deals 6 of 20
State: Tennessee M&A 1 of 1
Country: United States M&A 4 of 12
Year: 2017 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 DEQ Systems

Levis, Quebec, Canada

DEQ Systems Corp. is manufacturer of table games, progressive systems, proprietary table games content and utility solutions. DEQ's systems and games are installed in over 300 casinos, in 30 countries around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Lapis Software Associates

Parsippany, New Jersey, United States

Lapis Software Associates LLC is an international supplier of lottery sales force and retail performance applications ‘gem│Intelligence’ and ‘gemRetailer’, and also offers technology consulting services, focusing on high-performance, mission-critical distributed applications. Lapis Software Associates LLC was founded in 1994 and is based in Parsippany, New Jersey.

Buy -