Sega Sammy Finalizes GAN Limited Acquisition
Online gaming and sports betting provider GAN Limited has finalized its merger with Sega Sammy Holdings.
LISTEN TO THIS ARTICLE:Sega Sammy, through its affiliate Sega Sammy Creation Inc., acquired all outstanding GAN securities for $1.97 per share in cash, representing a 121% premium over GAN's closing stock price on November 7, 2023, the trading day before the company's merger deal with SSC was publicly announced.
With the latest development, GAN's ordinary shares are no longer traded on the NASDAQ Global Stock Market.
Our acquisition by SSC is an exciting next step for GAN and the culmination of many years of hard work to deliver an unparalleled and unique gaming experience for our clients and players. GAN's board of directors carefully evaluated a range of options to maximize shareholder value, and SSC's recognition of the value of our assets and people leaves us confident that this transaction is in the best interest of our shareholders and provides a home for our assets to flourish.
More Business News
Business
PAGCOR Board Members Submit Courtesy Resignations Following Presidential Directive
May 30, 2025
Sega Sammy’s Online Expansion Goals
The Sega Sammy Group oversees a diverse portfolio of businesses, including Entertainment Content and Pachislot/Pachinko Machines. The GAN acquisition is part of the Japanese company's efforts to bolster its online gaming and sports betting presence.
We are excited to be bringing the GAN team on board. The team brings significant experience in the U.S. market, along with significant technical and development resources. This marks a new chapter in Sega Sammy's operations, and we look forward to serving our customers with increased product offerings and resources.
With the completion of the deal, Sega Sammy Creation has now added GAN to its growing portfolio of online gaming companies. Last month, the group took over Stakelogic BV, a Netherlands-headquartered B2B provider of iGaming content. The total transaction value was approximately €125 million (US$142.2 million).
RELATED TOPICS: Business
Latest News
Business
PAGCOR Board Members Submit Courtesy Resignations Following Presidential Directive
May 30, 2025
Responsible Gambling
UKGC Onboards Experts to Update Policies Following Recent Criticisms
May 30, 2025Most Read
Must Read
Interviews
Sweepstakes Casinos: Thriving in an Ever-Changing Industry – Interview with Attorney Stephen C. Piepgrass
Feb 17, 2025
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for Sega Sammy Finalizes GAN Limited Acquisition