The Swedish maker of online gambling games Evolution Gaming wants to take over its Swedish industry colleague NetEnt in a deal worth 19.6 billion krona, converted to almost 1.9 billion euros.
The offer per share is 43 percent higher than NetEnt’s closing price on the Stockholm stock exchange on Tuesday. The NetEnt board unanimously recommends that shareholders accept the offer. Evolution makes casino games such as poker, blackjack and roulette that players can play live over the internet. NetEnt is also active with online gambling games.
Evolution says the acquisition will create a leading global player in online gaming.