The acceptance period for the offer is expected to begin on September 19, 2024, and end on October 10, 2024.
Press release.- EveryMatrix has made a recommended public offer to acquire all shares of Fantasma Games AB at a value of SEK59 (EUR5.21) in cash per share, leading to a total cash consideration of SEK209.8m (EUR18.5m). Shares of Fantasma Games AB are listed on the Nasdaq First North Growth Market in Sweden.
The acceptance period for the offer is expected to begin on September 19, 2024, and end on October 10, 2024.
The acquisition would significantly strengthen EveryMatrix's game production with the immediate addition of well-known titles that are integrated with more than 250 operators and played by millions of players in 50 countries.
EveryMatrix is the world's largest game aggregator through its aggregation platform SlotMatrix with more than 29,000 games from over 330 third-party studios, in addition to its own in-house game development within Armadillo Studios.
Fantasma Games is a highly respected game developer with a strong management team and well-established game production and distribution. Fantasma has experienced very strong development and recorded an EBITDA of EUR395,000 in the second quarter, a profit margin of 36 percent. The proposed transaction would strengthen the EveryMatrix gaming division with strong synergies between both companies.
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More than 50 percent of the shareholders of Fantasma Games have signed binding agreements to sell their shares. The offer is conditional on at least 90 percent of the shareholders accepting the offer.
