International Game Technology Launches Tender Offer to Acquire Entraction for Approximately $115 Million, About $11.11 Per Share (IGT)

International Game Technology IGT has launched a cash offer to purchase all outstanding shares of Entraction Holding AB at a price equivalent to approximately $11.11 per share, or a total consideration of approximately $115 million.  The Entraction Board of Directors has recommended the offer to its shareholders. Established in 2000 and based in Stockholm, Sweden, Entraction operates one of the world's largest, legal online poker networks and has quickly grown into one of the leading suppliers of online gaming products and services.  Entraction's scalable, robust business to business delivery platform contains over 4 million registered players, in partnership with over 60 operators. Additionally, Entraction provides a comprehensive suite of services needed to operate a successful gaming site such as content management, payment solutions, and fraud protection.