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- This share is currently suspended. It was suspended at a price of 2,446.00
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Keywords Studios to acquire Certain Affinity
(Sharecast News) - Video games industry company Keywords Studios has entered into an agreement to acquire US-based game development studio Certain Affinity.
Keywords Studios said on Friday that under the terms of the acquisition, consideration will comprise an upfront and earn-out component and was expected to fall within its targeted valuation range.
The AIM-listed group stated the upfront consideration will be paid in cash and funded from its existing revolving credit facility.
"We are thrilled to welcome Certain Affinity to the Keywords Group," said chief executive Bertrand Bodson. "They bring a wealth of knowledge, experience, and expertise to our Create division, complementing our existing skills and expanding our presence notably in the US and Canada."
As of 1030 BST, Keywords shares were untraded 2,438.0p.
Reporting by Iain Gilbert at Sharecast.com
Latest KWS News
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3 Jul 2024 - LONDON BRIEFING: Keywords Studios agrees takeover by EQT
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1 Jul 2024 - London close: Stocks fall as US inflation pressures ease
28 Jun 2024 - CORRECT: Keywords Studios says would back GBP2.1 billion EQT bid
28 Jun 2024 - LONDON MARKET MIDDAY: Blue chips in demand as US inflation data looms
28 Jun 2024 - Keywords Studios set to recommend $2.48 bln takeover by EQT
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28 Jun 2024
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