Keywords Studios to be Acquired by EQT Group for £2.1 Billion

The acquisition by the Swedish private equity firm aims to bolster Keywords' growth amid industry challenges.

EQT Group will acquire Keywords Studios at £24.50 per share, valuing the company at £2.1 billion.
The deal includes a premium of 66.7% over Keywords' share price as of May 17.
Keywords' board cites near-term industry challenges and volatile returns as reasons for supporting the acquisition.
EQT plans to support Keywords' growth through long-term investments in innovation, talent, and M&A.
The acquisition is expected to be completed in the fourth quarter of 2024.