Dublin-based Keywords Studios gets €2.32bn takeover bid from European private equity firm

Company said EQT proposed to buy the company for £24.50 (€28.94) per share

Keywords Studios warned on Friday of lower margins in the first half of the year and said it was grappling with slower content creation trends that are dampening its growth.

Irish video game services firm Keywords Studios said on Friday it has received a takeover proposal worth £1.96bn (€2.32bn) by European private equity firm EQT Group if it tabled a formal offer at that price despite it being lower than what it proposed in May.

The Dublin-based company said on Thursday that the private equity firm proposed to buy the company for £24.50 (€28.94) per share, a price that the Keywords board could recommend to shareholders, up from a previous proposal of £24.30 apiece on Wednesday.