The Finnish company will be bought for €706 million, which is equal to €9.25 per share.
The agreement is expected to be concluded in the 2nd quarter of fiscal 2023-24. Before this, the procedure must overcome obstacles in the form of control of compliance with antitrust law and other necessary conditions.
The deal documents say the merger is driven by Sega's potential growth in the global gaming marketplace and an increase in the overall value of both companies' business projects. In addition, both parties want to grow their fan bases through multimedia development of their playable characters and support for the Finnish studio's cross-platform expansion.
The agreement is expected to be concluded in the 2nd quarter of fiscal 2023-24. Before this, the procedure must overcome obstacles in the form of control of compliance with antitrust law and other necessary conditions.
The deal documents say the merger is driven by Sega's potential growth in the global gaming marketplace and an increase in the overall value of both companies' business projects. In addition, both parties want to grow their fan bases through multimedia development of their playable characters and support for the Finnish studio's cross-platform expansion.
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