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The Guardian - UK

Business

Kalyeena Makortoff

Keywords Studios says it is willing to accept £100m less from suitor

Keywords Keywords Studios EQT Video Game London Stock Exchange

Fortnite characters on a smartphone screen — Keywords Studios provides services to developers of some of the world’s biggest games, including Fortnite. Photograph: Volodymyr Kalyniuk/Alamy

The video game services company Keywords Studios has said it is prepared to accept £100m less from its private equity suitor, after revealing that a slowdown in the sector had led to a number of its projects being cancelled or delayed.

The Swedish private equity investor EQT originally put forward a £25.50 a share offer for Keywords, a 70% premium on its market price in May, worth £2.2bn.

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