Light & Wonder’s Acquisition of the Remaining Public Shares of SciPlay

On August 8, 2023, Light & Wonder, Inc. (“Light & Wonder”), a global leader in cross-platform games and entertainment, and SciPlay Corporation (“SciPlay”), a leading developer and publisher of digital games on mobile and web platforms, announced that they have entered into a definitive agreement under which Light & Wonder will acquire the remaining approximately 17% equity interest in SciPlay that it does not currently own for $22.95 per share in an all-cash transaction. Cravath is representing Light & Wonder in connection with the transaction.

The Cravath team is led by partner Robert I. Townsend III and includes associates Patrick S. Taylor, Olivia Ya Huang and Christopher E. Weil on M&A matters; partner J. Leonard Teti II and associate Duncan H. Hardell on tax matters; partner Matthew J. Bobby, senior attorney Arian Mossanenzadeh and associate Kristin A. Sharman on executive compensation and benefits matters; and of counsel William D. Podurgiel and associate Elisabeth Lopez on corporate matters.