Fantasma Games’ shareholders have endorsed EveryMatrix’s acquisition bid. Fantasma Games, having 95% of the vote from shareholders, may see the transaction go through.
Fredrik Johansson, chief executive officer and founder of Fantasma Games said in an Every Matrix news release that the collaboration should thrive as both parties share common goals that seek innovation.
“I’m incredibly proud of the fantastic journey we have undertaken so far with Fantasma Games. Now, as we approach the next major phase in our growth, I’m confident that EveryMatrix is the perfect partner to help us realize our long-term vision.
“We not only share a common passion for innovation but also a deep understanding of what it takes to create gaming experiences that truly engage and entertain players in a unique way.
EveryMatrix has a strong technical platform and extensive experience in fostering successful collaborations within the gaming industry, which makes us feel confident that together we can take our game development to new heights.”
Key takeaways
- EveryMatrix has successfully acquired Fantasma Games after securing 95% shareholder approval.
- This merger helps EveryMatrix’s expansion efforts, especially in the US online casino market.
- The acquisition comes with a total cash consideration of $20.2 million.
- The partnership drives innovation, develops new online casino game concepts, and enhances existing games.
Fantasma Games acquisition details over $20M total cash price
EveryMatrix announced a recommended public offer to acquire Fantasma Games AB on Sept. 18. The terms include:
- Offer price: $5.6 per share
- Total cash consideration: $20.2 million
- Acceptance period: Sept. 19 – Oct. 10, 2024
Ebbe Groes, group chief executive officer and co-founder of EveryMatrix, also commended Fantasma’s game production output: “Fantasma’s games are recognized by the world’s largest operators and their players as among the very best both from a performance and an experience perspective.
Its game production output is seriously impressive, as is their management and staff, who have created a business that consistently generates remarkable financial results.
“I’d like to thank the EveryMatrix team that have worked so hard to make this possible as well as Fredrik and his team with whom we believe we can do even greater things as a combined force.”
EveryMatrix expands its global online gaming footprint
According to a news release, EveryMatrix has more than 29,000 games from more than 350 studios and its in-house games.
The latest acquisition brings popular online slots to the table, expanding its reach to 50 countries. Millions of players and 250+ operators (including Paddy Power, Betsson, and LeoVegas) will have access to the EveryMatrix content.
“Through this partnership, we see tremendous potential, not only to enhance the quality of our existing games but also to develop new and groundbreaking game concepts that can set future standards.
We look forward to building a long-term and successful collaboration where we can jointly continue to drive development forward and create added value for both players and our partners,” Johansson added.
EveryMatrix’s Q2 2024 financials show this growth streak shows no signs of slowing. The company’s 57% revenue increase and 53% jump in online casino GGR in this year’s Q2 depicts its commitment to innovation and market expansion.