Key points:
- The proposed acquisition has been approved by shareholders and can now move onto its next phase
- This latest update quickly follows EveryMatrix’s submission of the takeover bid just three weeks ago
Supplier EveryMatrix has announced that its proposed SEK 209.8m (€18.5m) acquisition offer for Fantasma Games has been approved by the company’s shareholders, with over 95% having accepted the supplier’s public offer.
This latest update follows the announcement from EveryMatrix that it had submitted the offer for consideration last month, with the bid dependent on the approval of at least 90% of Fantasma Games’ shareholders. Now, this latest announcement has revealed a shareholder approval rate of approximately 95.2% – giving EveryMatrix the green light for the takeover.
The supplier will be hoping that this acquisition will serve to significantly bolster its gaming content portfolio, as well as its market presence within North America, a region in which EveryMatrix has drawn an enhanced focus so far this year.
In May, the company went live in Michigan and New Jersey via partnership with Golden Nugget. Earlier this week, EveryMatrix also joined the Mexican Association for Permit Holder, Operators and Suppliers.
Good to know: Fantasma Games has established partnerships with operators in every iGaming regulated US state
EveryMatrix Group CEO and Co-Founder Ebbe Groes said: “We’re delighted to announce that this acquisition will proceed. It is another M&A deal fully funded from our own cash flow and made possible due to our rapid organic growth. We see big synergies and opportunities!”
“Fantasma’s games are recognised by the world’s largest operators and their players as among the very best both from a performance and an experience perspective. Its games production output is seriously impressive, as is their management and staff who have created a business that consistently generates remarkable financial results.”
