Baltics
Entain Secures Regulatory Approvals for Enlabs Acquisition

Entain has confirmed that it has secured all the necessary approvals from the relevant competition and gaming regulatory authorities for the takeover of Enlabs.
As a result, the condition for the completion of the group’s offer regarding the receipt of all necessary regulatory approvals has been met. However, the firm has yet to gain the approval of all Enlabs shareholders.
Entain initially made a public cash offer of £250 million to the Entain shareholders to tender all shares in the operator on 7 January 2021. This represented an offer of SEK 40 per Enlabs share.
However, although company Chairman Niklas Braathen approved the bid, one of the key shareholders in the Baltic firm, US-based hedge fund Alta Fox, criticised the offer as having “materially undervalued the company.”
The FTSE 100 firm has subsequently increased the offer price to SEK 53 per share, valuing Enlabs at around €365 million, and further stated that the bid “is final and will not be increased.” Additionally, the group’s proposed buyout currently has the “irrevocable” approval of 51% of Enable shareholders.
Upon acquiring the relevant regulatory approvals, Entain stated that it “reserves the right to extend the acceptance period of the offer as well as to postpone the date of settlement.”
-
eSports6 days ago
Post Malone to Headline Esports World Cup 2025 Opening Ceremony in Riyadh
-
Affiliate Industry6 days ago
TESTA debuts TESTA Score, allowing operators to benchmark UX
-
Latest News5 days ago
Week 25/2025 slot games releases
-
Africa5 days ago
EGT Digital has expanded its partnership with Bangbet in Nigeria
-
Africa5 days ago
Female Protea Team for the Counter Strike 2 esports title to do battle against Namibia – AEC25
-
Asia6 days ago
Gen.G Opens “GGX”, the Next-Gen Cultural Gaming Space
-
Africa6 days ago
Pay Changu Partners with 888Bets
-
Gambling in the USA6 days ago
Xanada Investments Reveals Strategic Backing of Sweepium, Targeting the U.S. Sweepstakes Landscape