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Compliance Updates

Evolution Gets CMA Approval for NetEnt Acquisition

Published

5 years ago

on


Evolution has entered into an agreement to acquire Nolimit City
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Evolution Gaming has received approval from the UK Competition and Markets Authority (CMA) for the acquisition of slot giant NetEnt.

This was the final competition approval needed for the deal. The Malta Competition and Consumer Affairs Authority has already approved the acquisition in September.

The CMA launched its investigation of the proposed SEK19.6bn ($2.26bn) deal in September to assess whether it would reduce competition in the British igaming market, and has now approved the deal. CMA is yet to publish its full ruling explaining the decision.

The acceptance period for NetEnt shareholders to accept the bid will expire on November 20.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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