Keywords Studios provides services from game art to marketing and testing. The latest proposal is a “significant increase” from the initial bid and the board of Keywords Studios “would be minded to recommend” it to shareholders if a firm bid is made, the company said. Keywords Studios, which is listed on London’s junior AIM market, was established in 1998 and has more than 13,000 employees in 26 countries. [ Concerns arise over jobs at Dublin-based Keywords Studios ]The company reported record revenues of €780 million in 2023 – up 13 per cent year-on-year – while its pretax profit fell 49 per cent to €35 million. Under UK takeover rules, EQT has until June 15th to either make a firm offer or walk away.

Source: The Irish Times May 20, 2024 16:24 UTC