Video game services company ‘minded to recommend’ EQT’s revised £2.1bn takeover offer amid sector slowdown

The video game services company Keywords Studios has said it is prepared to accept £100m less from its private equity suitor, after revealing that a slowdown in the sector had led to a number of its projects being cancelled or delayed.

The Swedish private equity investor EQT originally put forward a £25.50 a share offer for Keywords, a 70% premium on its market price in May, worth £2.2bn.