Keywords Studios Accepts £2.2b Deal

Keywords Studios Accepts £2.2b Deal

Business Mergers and Acquisitions

04 July 2024 23:22

Keywords Studios has agreed to a takeover offer exceeding £2 billion from EQT today, marking another significant acquisition.

The Dublin-headquartered company, will receive a cash payment of 2,450 pence per share, totaling approximately £2.1 billion based on fully diluted shares.

More:G2 Signs "Snax"

Keywords Studios expressed satisfaction with reaching an agreement with EQT, a leading Swedish private equity firm, following extensive negotiations and extended deadlines. The board stated that they maintain confidence in the company's growth strategy, emphasizing its commitment to expanding its global platform for video game and entertainment solutions through both organic growth and acquisitions.

Keyword Studios recently made the headlines with strikes by employees. The laid off staff unionized before the layoffs. The union notified the local authorities about the strike however Keywords Studios objected and stated that they do not have a right to strike since most were remote workers.

Keywords CEO, Bertrand Bodson stated “I am extremely proud of our passionate world-class teams and the leading technology-enabled global platform we are building together, which have enabled us to develop innovative solutions and foster strategic partnerships with our clients. We have consistently delivered strong financial performance, creating significant value for our shareholders."

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Keywords Studios Accepts £2.2b Deal

Business Mergers and Acquisitions

04 July 2024 23:22

Tags: Keywords Studios

Keywords Studios has agreed to a takeover offer exceeding £2 billion from EQT today, marking another significant acquisition.

The Dublin-headquartered company, will receive a cash payment of 2,450 pence per share, totaling approximately £2.1 billion based on fully diluted shares.

More:G2 Signs "Snax"

Keywords Studios expressed satisfaction with reaching an agreement with EQT, a leading Swedish private equity firm, following extensive negotiations and extended deadlines. The board stated that they maintain confidence in the company's growth strategy, emphasizing its commitment to expanding its global platform for video game and entertainment solutions through both organic growth and acquisitions.

Keyword Studios recently made the headlines with strikes by employees. The laid off staff unionized before the layoffs. The union notified the local authorities about the strike however Keywords Studios objected and stated that they do not have a right to strike since most were remote workers.

Keywords CEO, Bertrand Bodson stated “I am extremely proud of our passionate world-class teams and the leading technology-enabled global platform we are building together, which have enabled us to develop innovative solutions and foster strategic partnerships with our clients. We have consistently delivered strong financial performance, creating significant value for our shareholders."

Share:

Sources:

Report mistake Submit news

Related news

View All

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Keywords Studios has acquired US developer Certain Affinity for an undisclosed sum. Founded in 2006 by former Bungie staff, Certain...

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Oct 21, 2024

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According to recent reports, Sweden’s EQT is in advanced negotiations with [[Companies/Keywords Studios}Keywords Studios]] for a potential acquisition at £25.50...

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According to recent reports former Keywords Studios employees will strike outside BioWare Edmonton offices. The laid off staff unionized...

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