Merger between Sega Sammy and GAN officially sealed
GAN Completes Merger with Sega Sammy Creation
Japan - In a significant development, GAN announced on Tuesday the completion of its merger with Sega Sammy Creation, an affiliate of Sega Sammy Holdings. This merge, originally announced in November 2023, has now been finalized as of May 27, 2025.
The terms of the merger saw Sega Sammy, through its subsidiary Sega Sammy Creation Inc., acquiring all outstanding securities of GAN for $1.97 per share in cash. This transaction represented a premium of over 121% to GAN's closing stock price on November 7, 2023, the trading day preceding the announcement of the merger agreement with Sega Sammy Creation (SSC).
With the conclusion of the merger, trading of GAN's ordinary shares on the NASDAQ market has ceased effective today.
The merger was subject to final gaming regulatory approvals, which were secured successfully prior to the closing of the transaction.
With the integration of GAN into Sega Sammy's gaming portfolio, the company expands its presence in internet gaming and casino gaming solutions. The acquisition offers new opportunities for growth and diversification in both companies' offerings.
This merger between GAN and Sega Sammy Creation significantly expands their business and finance portfolios, with GAN's internet gaming and casino solutions becoming a part of Sega Sammy's gaming offerings.
The acquisition, completed through the cash purchase of all outstanding GAN securities, marks a new phase in the finance and business strategies of both companies.
