Fortnite Contractor Keywords Soars by Record on Takeover Talks

Shares in Keywords Studios Plc rose the most since the Dublin video games studio went public in 2013, after disclosing it’s in advanced takeover talks with EQT Group that could value the company above £2 billion ($2.5 billion).

Keywords Studios, established in 1998, provides game development, audio and art services to game industry clients and has acquired numerous smaller support shops over the past few years. Titles it has worked on include Fortnite, Call of Duty and Baldur’s Gate 3, and the company operates across 26 countries.

The company’s share price rose 60% at 9:06 a.m. on Monday morning to ...