Evolution Gets Regulator Approval to Purchase NetEnt

This story was published more than 3 years ago.

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.

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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17 November 2020 - 6:57am

What? Wow, this is a big deal. Evolution+NetEnt+RedTiger would be 2nd biggest provider after Microgaming.

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17 November 2020 - 7:42pm

Yeah, that's going to be a monster company moving forward. Definitely going to be a full-service casino giant.