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Fortnite Outsourcer Keywords Set to Take £2 Billion EQT Bid

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By Shona Ghosh and Amy Thomson

June 28, 2024 at 2:34 AM EDT

Updated on

June 28, 2024 at 6:38 AM EDT

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Keywords Studios Plc said it’s likely to accept an updated offer from EQT Group that values the video game services company at about £2 billion ($2.5 billion).

Investors will get £24.50 per share in cash, the company said in a statement on Friday. While the current bid is below a May offer of £25.50 per share, it’s an improvement on EQT’s bid from earlier in the week of £24.30.