The UK’s Competition and Markets Authority (CMA) has given the green light for Evolution’s £1.7bn acquisition of NetEnt.
The deal, which sees all shares in NetEnt sold to Evolution as the combined entity seeks to focus its efforts on the US market, had been awaiting approval from the CMA following the competition authority in Malta’s acceptance last month.
Evolution said in a statement that the acceptance period for the offer expires on November 20, with an expected settlement date of December 1.
NetEnt’s board originally recommended the acquisition earlier this year in order to increase scale and allow for “significant capabilities” to leverage its strong position within the US states that have opened up for online casino.
