Keywords Studios, a prominent provider of services to the video game industry, has agreed to a buyout offer led by EQT AB. The offer values the company at approximately £2.1 billion ($2.5 billion).

This decision comes as Keywords Studios faced significant challenges, including delayed and canceled orders, which influenced the acceptance of a reduced offer.

In a joint statement released Wednesday, the parties involved announced that investors would receive £24.50 per share in cash.

This offer marks a decrease from the initial £25.50 per share proposed by EQT.

The board of Keywords Studios has unanimously recommended this final bid to its shareholders.

Prior to the announcement of the deal in May, the shares of Keywords Studios had fallen by more than 10% this year, underscoring the financial volatility and challenging conditions within the broader gaming industry.