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New Deal


Announced

Keywords Studios to acquire an 85% stake in Tantalus for $47m.

Financials

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Transaction Value£33m
Consideration TypeCash, Contingent Deferred Consideration, Ordinary Shares
Capital Owned-
Capital Bid For85%
EV/Sales-
EV/EBITDA9.18x
Share Price Premium-
One Off Charge-

Tags

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Friendly

Gaming

Private

Australia

Acquisition

Single Bidder

Pending

Majority

Cross Border

video game developer

Synopsis

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Keywords Studios, the international technical and creative services provider to the global video games industry, agreed to acquire an 85% stake in Tantalus, a developer of high quality, multi-platform video games, for $47m. "Tantalus brings 27 years of experience of video game development in Australia for some of the largest global publishers and leading titles. The talented team, led by Tom Crago and supported by an experienced management team, has an impressive track record of development work on major franchises including Age of Empires, Sonic Mania, The Legend of Zelda, Mass Effect, Cars and Cities: Skylines," Jon Hauck, Keywords Studios Joint Interim CEO.

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