iGaming News

NetEnt subject of €1.8bn Takeover Attempt by Evolution Gaming

NetEnt Board recommends deal to their shareholders which will see Evolution own 90% of the Swedish iGaming Giant

Quite literally shocking news coming out of Sweden this morning, after NetEnt the Swedish casino game developer and creator issued a statement to the Swedish Stock Exchange. With the statement confirming the details of the proposed takeover from Evolution Gaming and in turn recommending that their shareholders accept.

The Offer values each share in NetEnt to SEK 79.93 and all shares in NetEnt to approximately SEK 19.6 billion – €1.86bn (  based on closing prices on 23 June 2020 and 33,660,000 shares of series A and 212,798,035 shares of series B in NetEnt, less 1,000,000 B-shares owned by the Company. )

bet365casino

The recommendation made by NetEnt in respect of the offer from Evolution Gaming which can be read in full here, reads: “In the board’s opinion, NetEnt has a proven and well-defined strategy going forward. However, the board views a combination of NetEnt and Evolution Gaming as positive and believes it to be strategically sound, and the share consideration allows the Company’s shareholders to take part of the combined accelerated growth story and combination benefits.”

The combination of NetEnt and Evolution Gaming would create a leading B2B provider in online casino. The board believes there are a number of strategic benefits to NetEnt from combining its operations with Evolution Gaming.”

The acceptance period for the Offer is expected to commence on or around 17 August 2020 and expire on or around 26 October 2020, subject to any extensions. Evolution Gaming has stated that it will not increase the Offer. Accordingly, the price in the Offer is final under the Takeover Rules.

Show More

Simon Wright

Simon has been working within the iGaming Industry for some 20 years now. Whereby he has built up a wealth of knowledge in this area during this time. As well as being a main contributor for Casino Gazette, Simon also writes and reports for Casinomeister.com.

Related Articles

2 Comments

  1. Hello,
    Just to introduce myself I am the Marketing Assistant at Evolution Gaming Ltd.
    I have noticed you have mentioned us in of your latest articles so wanted to reach out!
    Who would the best contact be to send out any of our latest gaming news and PR?
    Looking forward to hearing your response!
    Kind Regards,
    Olivia

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Don`t copy text!

Adblock Detected

Please consider supporting us by disabling your ad blocker