Evolution Gets CMA Approval for NetEnt Acquisition

Evolution Gaming has received approval from the UK Competition and Markets Authority (CMA) for the acquisition of slot giant NetEnt.

This was the final competition approval needed for the deal. The Malta Competition and Consumer Affairs Authority has already approved the acquisition in September.

The CMA launched its investigation of the proposed SEK19.6bn ($2.26bn) deal in September to assess whether it would reduce competition in the British igaming market, and has now approved the deal. CMA is yet to publish its full ruling explaining the decision.

The acceptance period for NetEnt shareholders to accept the bid will expire on November 20.