Keywords Studios Set to Recommend £1.96 Billion EQT Offer

Keywords Studios Plc said it’s likely to accept an updated offer from EQT Group that values the video game services company at about £1.96 billion ($2.5 billion).

Investors will get £24.50 per share in cash, the company said in a statement on Friday. While the current bid is below a May offer of £25.50 per share, it’s an improvement on EQT’s bid from earlier in the week of £24.30.

The company has struggled with a slow recovery from the Hollywood strikes last year as well as with game development projects that have been delayed until the second half of the ...