Evolution Gaming Set to Acquire NetEnt for Over $2 Billion
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Evolution Gaming Group made an offer to acquire fellow online gaming company NetEnt for more than $2 billion. The move has global implications in the gaming industry.
Evolution Gaming is set to buy NetEnt for over $2 billion. The board of directors at Netent unanimously recommended their shareholders accept the offer. Net Ent shareholders would acquire 0.1306 shares in Evolution Gaming for each share they own.
Evolution Gaming is set to buy NetEnt for over $2 billion. Both companies are down in Wednesday trading. Evolved Gaming shares started Wednesday’s NASDAQ trading in Stockholm at 614 Swedish krona (about $65 U.S.) and fell into the mid 500s as news of the deal spread. Net Ent is probably best known for its live casino games including baccarat, blackjack, roulette and poker.
