Acquiring Company
Standard General
Acquired Company
Bally's Intralot
New York
PeaniaInvestment ManagementGamingSportsGamblingCasinoDescription
Bally’s Corporation's Board of Directors has formed a special committee to evaluate the preliminary, non-binding proposal by Standard General to acquire all outstanding shares of Bally’s that it does not already own for $15.00 in cash per share, as well as any potential strategic alternatives to the proposal. The proposal is dated March 11, 2024, and a copy is available as an exhibit to Standard General’s statement of beneficial ownership on Schedule 13D/A as publicly filed with the Securities and Exchange Commission.
Quick answer
Standard General is acquiring Bally's Intralot, announced March 12, 2024. Standard General is based in New York, New York, United States.
- How much did Standard General pay for Bally's Intralot?
- The deal value was not disclosed.
- What does Standard General do?
- Headquartered in New York, NY, Standard General L.P. was founded in 2007 by Managing Partner and Chief Investment Officer Soohyung ("Soo") Kim with $100 million of seed capital from Reservoir Capital.
- Where are Standard General and Bally's Intralot based?
- Standard General is based in New York, New York, United States. Bally's Intralot is based in Peania, Attica, Greece.
Source: Fundz verified event record.
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Frequently asked
Who acquired Bally's Intralot?
Bally's Intralot was acquired by Standard General, based in New York. The deal was reported on March 12, 2024. Headquartered in New York, NY, Standard General L.P. was founded in 2007 by Managing Partner and Chief Investment Officer Soohyung ("Soo") Kim with $100 million of seed capital from Reservoir Capital. Standard General is privately held and operates in Investment Management.
When did Standard General acquire Bally's Intralot?
Standard General's acquisition of Bally's Intralot was reported on March 12, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Bally's Intralot do?
Bally's Intralot is a global gaming company that operates lottery, betting and online gaming businesses. It owns Gamesys and derives about 64% of its revenue from the UK. The company is pursuing a takeover of William Hill owner evoke. It is privately held, operating in Gaming, and is based in Peania.
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