Bally's Corporation acquired 84.16% stake in Telescope, Inc. from H.I.G. Growth Partners, LLC and Moorgate Capital Partners LLC, Investment Arm for $25.9 million.
Bally's Corporation (NYSE:BALY) completed the acquisition of 84.16% stake in Telescope, Inc. from H.I.G. Growth Partners, LLC and Moorgate Capital Partners LLC, Investment Arm for $25.9 million on August 12, 2021. Under the terms of agreement, consideration paid is along with net of cash acquired. The transaction is funded from net cash available for investing activities.