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EQT in Advanced Talks to Acquire Fortnite Support Firm Keywords Studios for £2.2 Billion ($2.8 Billion)

May 19, 2024, 08:10 PM

EQT Group is in advanced discussions to acquire Keywords Studios, a London-listed video game services company, for approximately £2.2 billion ($2.8 billion). Keywords Studios, based in Dublin, has confirmed it is in advanced talks with the private equity firm. The proposed acquisition has led to a significant rise in Keywords Studios' stock price, marking its most substantial increase since going public in 2013. The deal, if finalized, would result in Keywords Studios being taken private. Keywords Studios, known for its support of Fortnite, is also reported to be valued at $2.6 billion in some discussions.