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Keywords Studios Plc Share News (KWS)
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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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5 Apr 2024 - Keywords sales up despite rising exposure to strike-hit Hollywood
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13 Mar 2024 - LONDON MARKET OPEN: FTSE 100 slips but CAC and DAX hit record highs
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13 Mar 2024
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