Scientific games announces sale of lottery business to brookfield business partners for $6.05 billion

Las vegas, oct. 27, 2021 /prnewswire/ -- scientific games corporation (nasdaq: sgms) ("scientific games," "sgc" or the "company") today announced that it has entered into a definitive agreement to sell its lottery business to brookfield business partners l.p. (nyse:bbu) (tsx:bbu.un) ("brookfield business partners") together with its institutional partners (collectively "brookfield") for total consideration of $6.05 billion consisting of $5.825 billion in cash and an earn-out of up to $225 million based on the achievement of certain ebitda targets in 2022 and 2023.
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