SEGA SAMMY to acquire GAN for $108m.

SEGA SAMMY, a company involved in a wide range of businesses such as entertainment content, amusement machines, and resorts, agreed to acquire GAN, a B2B supplier of internet gambling software-as-a-service solutions for casinos, for $108m. "After a thoughtful review of value creation opportunities available to us, we are pleased to have reached this agreement with SSC. Market share concentration in the US B2C space, a slower than expected adoption of regulated online gaming in the US, along with changes to key customer contracts make the near-term operating environment challenging without ample capital resources. Sega Sammy has those resources and GAN is a strategic complement to their existing gaming portfolio. We believe this all-cash offer, at a substantial premium to recent trading prices, is the value-maximizing path for our shareholders,” Seamus McGill, GAN Chairman and Interim CEO.