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New Deal


Announced

Evolution Gaming to acquire NetEnt for $2.1bn.

Financials

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Transaction Value£1,683m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales23.1x
EV/EBITDA26.02x
Share Price Premium43%
One Off Charge-

Tags

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gaming systems

Acquisition

Pending

Friendly

Tender Offer

Public

Single Bidder

Sweden

Majority

Casinos and Gambling

Domestic

Synopsis

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Evolution Gaming, a Live Casino studio facilities operator, agreed to acquire NetEnt, a supplier of digitally distributed gaming systems, for $2.1bn. NetEnt shareholders will receive 0.1306 Evolution shares for each NetEnt share. "This strategic deal marks a significant step towards Evolution’s long-term vision of becoming the global market leader in the online casino industry. The combination of Evolution’s strong offering in Live Casino with NetEnt’s leading position in online slots will result in a world-class portfolio of online games that will enable us to serve a growing customer base," Jens von Bahr, Evolution Chairman. On November 16, 2020: Evolution Gaming got the UK Competition approval for NetEnt buy.

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