EQT Group, a European private equity firm, is in advanced talks to buy Keywords Studios Plc, a Dublin-based video game services company, for £25.50 per share. The deal would value Keywords Studios at over £2 billion ($2.5 billion). This bid comes after the company's board rejected four unsolicited proposals from EQT before this offer.
Keywords Studios is a leading provider of video game services, including animation, audio, testing, localization and marketing. The acquisition by EQT would give the private equity firm a significant stake in the growing video game industry.
The possible bid represents a 'significant increase from the initial proposal,' according to Keywords Studios. No further details about the terms of the deal have been disclosed at this time.
EQT has been active in the media and technology sector, having previously invested in companies such as Spotify and Just Eat Takeaway.com.
Keywords Studios reported revenue of £218.6 million for the year ended December 31, 2023, representing a growth of 45% compared to the previous year. The company's net profit for the same period was £7.9 million.
Despite EQT's strong overall score as a source, it is important to note that all information should be verified from multiple sources before being used in any article.