Key phrases Studios has reached an acquisition settlement with Swedish funding firm EQT for round £2.2bn, pending approval from its shareholders.
In a press release, Key phrases – a “absolutely built-in inventive and technology-enabled” firm that helps corporations similar to Activision Blizzard, EA, Epic, and Sq. Enix – stated it was happy to have reached the settlement on the phrases of a advisable money acquisition for £2,450p a share.
“I’m extraordinarily pleased with our passionate world-class groups and the main technology-enabled world platform we’re constructing collectively, which have enabled us to develop progressive options and foster strategic partnerships with our shoppers,” stated Key phrases CEO, Bertrand Bodson.
“Now we have constantly delivered sturdy monetary efficiency, creating important worth for our shareholders.
“This supply from EQT marks an thrilling new chapter on our development journey, with a like-minded companion who possesses deep sector experience and a need to speed up the tempo of our development, each organically and thru M&A, to unlock the numerous alternatives forward of us throughout the leisure panorama,” Bodson added.
“I’m satisfied that collectively we can strengthen our management place on the coronary heart of the biggest leisure industries on the earth and construct a very distinctive world built-in video games companies platform for the advantage of our folks and shoppers.”
Established in 1998, Key phrases at the moment boasts over 70 amenities in 26 international locations, together with Asia, Australia, the Americas, and Europe.
Its board believes “the enterprise is effectively positioned for future continued success”, and that “EQT is supportive of the corporate’s current technique and administration crew.”
The deal is anticipated to finish in This autumn 2024.