Keywords Studios says it is willing to accept Β£100m less from suitor
Video game services company βminded to recommendβ EQTβs revised Β£2.1bn takeover offer amid sector slowdown
The video game services company Keywords Studios has said it is prepared to accept Β£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 Β£25.50 a share offer for Keywords, a 70% premium on its market price in May, worth Β£2.2bn.
Continue reading...