Friday, April 19, 2024
HomeNewsJapanGAN shareholders approve sale to Sega Sammy

GAN shareholders approve sale to Sega Sammy

FOLLOW US

The shareholders in iGaming supplier GAN have voted overwhelmingly in favor of the company’s acquisition by Japanese gaming group Sega Sammy.

The deal was initially announced in November of 2023 and is valued at about $107.6 million.

One of the final conditions for the closure was approval from GAN shareholders, with Sega Sammy estimating that the effective date of the acquisition is the third or fourth quarter of the fiscal year, ending March 2025.

The group notes that the acquisition should have ‘minimal’ impact on the group’s results for the fiscal year ended March 2024.

Sega Sammy notes that ‘the approval procedures with the authorities are progressing smoothly, but are expected to take some time to complete’.

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

RELATED ARTICLES