Reported 12 months ago
Keywords Studios Plc has agreed to a £2.1 billion offer from an EQT AB-led group, valuing the video game services company at about $2.5 billion. The deal comes after a challenging period for the gaming industry due to delayed and canceled orders. Investors will receive £24.50 per share in cash, with EQT leading the consortium along with the Canada Pension Plan Investment Board and Temasek Holdings Pte. Despite challenges, Keywords Studios expects growth to improve in the second half of the year and continues to expand its services globally.
Source: YAHOO