Games

NetEnt AB being targeted by Evolution Gaming Group AB

Author: Live Casino Direct
 
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Evolution Gaming Group AB has lodged a public offer worth $2.12 billion to buy Stockholm-listed online casino games developer NetEnt AB. The deal would see Evolution pay investors $8.56 for each share of Netent AB obtained.

Evolution Gaming Group AB and NetEnt AB develop and license a range of online casino games to iGaming operators around the world. Several large investors holding some 45% of Netent AB's shares have agreed to accept Evolution's offer in principle.

NetEnt's offer price will not be increased further. Investors have until October 26 to decide whether to accept the offer. The combined entity would be able to substantially increase its scale and take market share in the United States.

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