Sega Sammy Creation Acquires GAN Limited

GAN Limited, a leading North American B2B technology provider of real-money internet gaming solutions and a leading international B2C operator of internet sports betting, announced that it has entered into a final agreement and merger plan with Sega Sammy Creation, a wholly owned subsidiary of Sega Sammy Holdings, an international conglomerate that operates entertainment, gaming, and resort businesses.

Under the merger agreement, at the time of effectuation of the merger, GAN’s cash receivables per issued common stock will be converted into $1.97 per share, reflecting a premium of 121% over GAN’s closing price of common stock on November 7, 2023, the last trading day prior to the date of this announcement. 슬롯머신

Seamus McGill, Chairman and Interim CEO of GAN, said, “We are pleased to reach this agreement with SSC after a careful review of the value creation opportunities available to us.” “Market share concentration in the U.S. B2C sector is slower than expected and changes to key customer contracts make a short-term operating environment difficult without abundant capital resources. Sega Sammy has these resources and GAN strategically complements its existing gaming portfolio. We believe this cashable offer, which offers a significant premium to recent trading prices, is the way to maximizing value to shareholders.”

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