EveryMatrix announced that an overwhelming majority of Fantasma Games’ shareholders have approved the former company’s takeover bid. For context, the acquisition required the approval of at least 90% of the content developer’s investors.
The Deal Has Been Approved by Shareholders
A month ago, EveryMatrix submitted a recommended public offer to acquire all of Fantasma Games’ shares for SEK 59 per share in cash. Valued at SEK 209.8 million ($20.2 million), the deal reflected the former company’s ambition to grow its business via M&A activity and cement its position as the world’s largest games aggregator.
The acceptance period was set to run between September 19 and October 10. The agreement furthermore required approval from at least 90% of Fantasma Games’ shareholders.
According to EveryMatrix, the takeover bid was, in fact, greenlit by a stellar 95.2% of the stakeholders.
The deal will reinforce EveryMatrix’s games offering, adding a suite of well-known and loved titles to its portfolio. Fantasma’s games, for context, are currently being enjoyed by the players of many leading operators, such as Paddy Power, Betsson, LeoVegas, DraftKings and BetMGM, among others. The games are available to players in 50 countries, highlighting Fantasma’s significant footprint.
EveryMatrix’s SlotMatrix aggregation platform currently offers over 29,000 games from over 350 third-party and proprietary studios.
The Acquisition Will Elevate Fantasma Games
The investment in the acquisition of Fantasma will strengthen EveryMatrix’s portfolio and will boost its presence in key markets, such as North America.
Ebbe Groes, EveryMatrix’s co-founder and chief executive officer, said that his team is delighted that the deal will proceed. He pointed out that the arrangement has been fully funded from EveryMatrix’s own cash flow. He added that he sees big synergies and opportunities for the two companies.
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.
Ebbe Groes, co-founder & CEO, EveryMatrix
He applauded the developer’s impressive production pipeline and team of experts who have created a robust business. Groes also thanked the EveryMatrix team that made this acquisition possible.
Fredrik Johansson, Fantasma Games’ founder and CEO, also commented on the matter, saying that he is proud to approach the “next major phase” in his company’s growth. Johansson noted that he is confident EveryMatrix was the perfect partner to help his team realize its 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.
Fredrik Johansson, founder & CEO, Fantasma Games
Johansson praised EveryMatrix’s strong technical platform and experience in fostering successful gaming collaborations. Because of that, he was confident that the tie-up will take game development to new heights.
In other news, EveryMatrix just received GLI certifications for its CasinoEngine, GamMatrix and OddsMatrix products.