![]() ![]() In Q1 2023, the company generated $35.1 million in revenue – a 6% decrease year-over-year. Sega Sammy’s acquisition of GAN follows a drop in revenue for GAN earlier this fiscal year. If approved, the merger is expected to close in Q4 2024 and would see outstanding GAN ordinary shares acquired for $1.97 per share. The deal is subject to GAN shareholder approval and shareholders will decide the fate of the transaction on March 31, 2024, during a special meeting. ![]() “Sega Sammy has those resources and GAN is a strategic complement to their existing gaming portfolio.” B2C space, a slower than expected adoption of regulated online gaming in the U.S., along with changes to key customer contracts make the near-term operating environment challenging without ample capital resources,” said interim GAN CEO Seamus McGill in a statement. The deal, which will bolster Sega Sammy’s gaming portfolio, is valued at $107.6 million. has entered into a definitive agreement to acquire GAN Limited - a B2B technology provider and solutions company. Media and gaming conglomerate Sega Sammy Creation Inc. ![]() A gaming machine manufacturer is acquiring a casino and sports betting software company. ![]()
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