EveryMatrix Set to Acquire Fantasma Games
The bid committee, comprised of independent members from the Fantasma board, has advised shareholders to accept EveryMatrix's takeover bid, which is valued at around €18.5 million. Shareholders have the opportunity to accept or decline the offer from today (Thursday) until October 10.
Fantasma reported an EBITDA of €395,000 for the second quarter, reflecting a profit margin of 36%. The company anticipates a 33% increase in net sales this year compared to 2023, slightly surpassing the previously set growth target of 30%. However, the expected EBITDA margin for the year is projected at 47%, falling short of the previously stated target of 50%.
As of now, eight shareholders of Fantasma, who collectively own 50.79% of the company's shares, have agreed to sell their stakes. Fantasma CEO Fredrik Johansson, who holds 14.16% of the shares, has also supported the sale. Nevertheless, the deal could be nullified if another bidder offers 20% more than the current price for EveryMatrix.
19 September 2024, 15:00
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