SEGA SAMMY Nears Final Regulatory Approvals for Acquisition of GAN Ltd., Closing Expected May 27, 2025
SEGA SAMMY is nearing final regulatory approvals for its acquisition of GAN Ltd., with the closing expected on May 27, 2025. GAN, a provider of real money internet gaming solutions, will become a wholly owned subsidiary of SEGA SAMMY CREATION INC. Each GAN share will be converted into $1.97 in cash, subject to conditions and taxes.
LAS VEGAS-- GAN Limited (NASDAQ: GAN), a prominent provider of real money internet gaming solutions and operator of Internet sports betting, has announced that SEGA SAMMY HOLDINGS INC., through its affiliate SEGA SAMMY CREATION INC., is close to obtaining all necessary gaming regulatory approvals for its acquisition of GAN. The merger, detailed in the Agreement and Plan of Merger dated November 7, 2023, is expected to close on or around May 27, 2025. Upon completion, GAN will become a wholly owned subsidiary of SEGA SAMMY CREATION and will cease to be publicly traded. Each GAN share will be converted into the right to receive $1.97 in cash, subject to applicable conditions and withholding taxes.
