Gaming giant Evolution Gaming has placed a bid to acquire NetEnt, a supplier of digitally distributed gaming systems for SEK 19.6billion, approximately €1.8billion.

Both companies hold MGA B2B Critical Gaming Supply licences and have offices in Malta.

Evolution Gaming, which employs over 600 people locally and is a leading live dealer supplier, extended an offer to all NetEnt shareholders to sell their shares in the company in exchange for 0.1306 Evolution Gaming shares – a deal which translates into approximately €1.8billion, and which NetEnt’s board of directors recommended the shareholders accept.

The move will see Evolution Gaming take over Net Entertainment, which is a top developer of iGaming slots, live dealer games and table games.

Evolution Gaming said the amount is not subject to discussion under the Takeover Rules, and the acceptance timeframe for the offer is between 17th August and 26th October 2020.