Gaming technology company Evolution will end its planned acquisition of game developer Galaxy Gaming after the merger agreement expired on 17 July without being completed. As part of the termination, Evolution said that it will pay Galaxy Gaming a fee of approximately US$5.2 million.
The proposed US$85 million deal was first announced by Evolution in 2024 and aimed to expand the software provider’s gaming portfolio by adding Galaxy Gaming’s online table game content. After previously being postponed by an extended regulatory evaluation, it was later extended again in November last year to give regulators more time to assess the partnership.
