LAS VEGAS-- GAN Limited $(GAN)$, 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.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GAN Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250519157289) on May 19, 2025, and is solely responsible for the information contained therein.