The deal hands Informa control of WorldGaming, Clarion’s gaming events arm.
The hit
Informa has agreed to buy Clarion Events, the company behind the ICE gaming tradeshow, for £2.24bn ($2.97bn), according to GamblingNews. The deal, struck with owner Blackstone, hands Informa Clarion’s WorldGaming arm, which also runs iGB events & the Indian Gaming Tradeshow. Clarion says its business will continue as usual.
Why it matters
Clarion’s chief executive Lisa Hannat called the deal a testament to the quality of its business, brands & people. Clarion’s chief executive Stephen Carter said the acquisition is expected to bolster Informa’s long-term strategy. Blackstone’s global co-CIO Lionel Assant said he believes Informa & Clarion are a perfect fit.
The record
| Seller | Blackstone, world’s largest alternative asset manager |
|---|---|
| Informa share price | GBX 907.8 / $12.03 apiece following announcement |
| Assets included | WorldGaming arm: ICE, iGB events & Indian Gaming Tradeshow |
What happens next
Watch for the deal’s completion date & any detail on how Clarion’s WorldGaming arm is folded into Informa’s existing events portfolio.
Sources: Informa to Acquire Clarion Events in $3B Deal
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