Evolution Gets Regulator Approval to Purchase NetEnt

This week Evolution announced that they've been granted regulatory approval from the UK Competition and Markets Authority (CMA) to purchase NetEnt in an effort to form a mega-online betting software group.

The CMA had begun an investigation into the deal in September, which was aimed at seeing whether or not the deal would reduce competition for the British online gaming industry. The investigation found that the deal will not negatively impact the industry, and has given the deal the go-ahead.

With the approval, the deal now has full regulatory approval, after the Malta Competition and Consumer Affairs Authority gave their approval back in September.

Evolution's offer is good through November 20th, and there is hope that the agreement is declared unconditional by November 23rd. The deal is worth $2.26 billion and would see stock shares purchased for SEK 79.93 per share.