Keywords Studios to Be Acquired by EQT for $2.66 Billion

Jul 3, 2024, 06:30 AM

Keywords Studios, a UK-listed video game services company known for outsourcing work on Fortnite, is set to be acquired by private equity firm EQT. The takeover bid values Keywords Studios at approximately £2.1 billion ($2.66 billion). The company has indicated that it is likely to accept the updated offer, which has been adjusted from the initial valuation of £2 billion. This acquisition highlights the ongoing consolidation in the video game industry.