Keywords Studios Video Game Maker Soars 60% in 2025 After EQT's £25.50 Per Share Takeover Talks
In 2025, Keywords Studios shares surged 60% following advanced acquisition talks with private equity firm EQT at £25.50 per share, valuing the company at £2.03 billion. Discover the latest updates on this major video game industry move.
KEY INSIGHTS
- Keywords Studios, a leading video game services provider, is in advanced takeover discussions with private equity firm EQT, proposing £25.50 per share.
- The announcement triggered a 60% surge in Keywords' shares on the London Stock Exchange.
- The offer represents a 73% premium over the previous closing price of £14.70 per share.
Shares of London-listed Keywords Studios jumped 60% during intraday trading on Monday, following news that EQT is negotiating an acquisition deal at £25.50 per share. This deal values the company at approximately £2.03 billion ($2.58 billion), marking a significant transaction in the video game sector.
This move mirrors other recent shifts in the industry, such as British chip designer Arm Holdings' departure from the London Stock Exchange to Nasdaq in 2023, where its American depositary receipts nearly doubled in value.
Previous EQT Offers and Board's Position
Keywords Studios revealed that EQT had made four prior unsolicited bids in recent months, all rejected by the company's board. The current offer marks a substantial increase compared to initial proposals.
The board has indicated it would recommend accepting EQT's bid if a formal offer is presented. Under UK law, EQT must finalize its offer by June 15, 2024, or withdraw.
For exclusive updates and tips, contact ZAMONA reporters at tips@ZAMONA.
Explore useful articles in Company News as of 25-05-2024. The article titled " Keywords Studios Video Game Maker Soars 60% in 2025 After EQT's £25.50 Per Share Takeover Talks " offers in-depth analysis and practical advice in the Company News field. Each article is carefully crafted by experts to provide maximum value to readers.
The " Keywords Studios Video Game Maker Soars 60% in 2025 After EQT's £25.50 Per Share Takeover Talks " article expands your knowledge in Company News, keeps you informed about the latest developments, and helps you make well-informed decisions. Each article is based on unique content, ensuring originality and quality.