Negotiations over a potential acquisition by global gaming giant Aristocrat of leading electronic table games (ETG) supplier Interblock have stalled due to a disparity over the purchase price, IAG has learned.
Multiple sources have confirmed that the deal is currently on hold just months after being all but signed, sealed and delivered, with Aristocrat said to have balked over a US$200 million discrepancy.
IAG understands the Australian gaming supplier has valued Interblock at US$1.1 billion while Interblock is standing firm on its original US$1.3 billion asking price.
As previously reported by IAG, it had been anticipated that Aristocrat would announce the acquisition at its upcoming Investor Day, expected to take place later this month.
The potential acquisition is viewed as a strategic one for Aristocrat, which lacks exposure in the rapidly growing ETG space. Market rival Light & Wonder has long owned a strong ETG portfolio while the likes of Aruze and Spintec have also enjoyed solid growth in recent years.
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