EveryMatrix Bids For Fantasma
EveryMatrix has offered $5.79 per share in cash to purchase Fantasma Games, which has its shares listed on the Nasdaq First North Growth Market.
EveryMatrix Launches Fantasma Games Buyout Bid
Fantasma Games is the subject of a buyout bid from EveryMatrix, which is continuing its bold expansion plans by targeting further acquisitions in the industry.
EveryMatrix has offered $5.79 per share as cash, which values Fantasma Games, which is based in Sweden, at approximately SEK 209.8 million. The offer of SEK 59 in cash per share is over 20 per cent up on the closing share price of SEK 48.60 per share the day before the bid.
Shareholders at Fantasma Games have been advised by the company’s independent bid committee – which is made up of Antonia Svensson, Johan Styren and Johan Köningslehner, recommended that the deal be taken.
The green light has already been given by Fantasma Group’s major shareholders that are in control of more than 50 per cent of the company’s shares, with Fredrik Johansson and KL Capital AB among them.
Financial advisors at Svalner Skatt & Transaktion KB have also assessed the takeover bid from EveryMatrix and judged it to be a fair offer for Fantasma Games. EveryMatrix’s statement said:
“EveryMatrix does not intend to implement any material changes to Fantasma’s employees and management team or to the existing organisation and operations, including the terms of employment and the locations where Fantasma conducts its business.” – EveryMatrix’s Statement
All About Fantasma Games
Fantasma Games was only founded in 2016, but the company has quickly become a studio to watch in the highly competitive world of iGaming.
Over 250 operators have Fantasma Games titles available to play so far, with the EveryMatrix deal likely to see that figure expand at a rapid rate.
Fantasma has released more than 50 games to date, with some of its biggest hits including:
- Shadow Summoner
- Coins of Thor
- Gold Pigger
- Fortuna Gold
- Mystic Spells
- Lucky Otter
- Safari Sun
- Payday Express
EveryMatrix Continues Growth Plans
If the takeover of Fantasma Games goes through as is now widely expected in the industry, Fantasma Games will follow in the footsteps of turnkey and specialist sportsbook technology firm FSB Technology, which EveryMatrix recently purchased.
EveryMatrix, which was the first iGaming supplier to receive WLA Safer Gambling Certification, claims to be the fastest growing iGaming technology supplier in the business, having released record-breaking results for the second quarter of 2024.
Its quarterly net revenue of €42.4 million was up by 57 per cent on the previous year, while EveryMatrix saw an all-time high profit margin of 59 per cent.
With five quarters in a row where EveryMatrix has seen both revenues and profit seeing more than 50 per cent growth, it is clear the Fantasma Games takeover is part of its ambitious plan.
