Evolution Gaming and NetEnt Deal?
Evolution Gaming and NetEnt might be on the road to strike a deal.
This is after the Live Casino giant Evolution Gaming offered to but buy NetEnt AB for $2.12 billion which is equivalent to 19.6 billion Swedish Crowns.
The offer made by Evolution Gaming to NetEnt was made in an attempt to broaden the Swedish Live dealer giants’ catalogue of online casino games.
Details of the Evolution Gaming and NetEnt Deal
If the Evolution Gaming and NetEnt deal were to go through, this would see the Live Casino giant pay its investors around $8.56 for each share that it would have acquired in NetEnt AB. This would then be equivalent to a 43% premium based on the Tuesday closing price.
NetEnt shareholders would then be able to get a 0.1306% of Evolution Gaming shares for each share that they own.
At the present moment, at least 45% of NetEnt major shareholders have agreed to accept the offer.
Evolution Gaming has stated that they will not increase the offer and as for the acceptance period, it will run from August 17, 2020, to 26 October of the same year.
The completion of the Evolution Gaming and NetEnt deal will be in line with the customary conditions. Moreover, should the deal go through, it will see Evolution Gaming owning over 90% of the NetEnt shares. Furthermore, Evolution Gaming states that should the deal be a success, they will imitate a compulsory buy out procedure with respect to the remaining shares. This will, however, all be done in accordance with the Swedish Companies Act.
Impact Of The Evolution and NetEnt Merger
If the deal were to go through, this would have a positive impact on both of the companies that will now be one. It will see market growth, especially in North America. Additionally, NetEnt has a wide range of online casino pokies and table games and merged with Evolution Gaming list of innovative live dealer games, the company would be able to rise to greater heights seeing them second to none.
Should the Evolution Gaming and NetEnt deal go through, players at Australian online casinos and other gambling sites around the world will definitely be in for a fresh new set of online casino games.
The merger of the companies will result in the combined effort of two of the most innovative casino games providers working hand in hand. Both of which were already great on their own. Therefore should they team up Aussie punters and other casino players around the world better be in for great new online casino games.
Evolution Gaming and NetEnt Deal FAQs