By The Weekly Edge desk ·
Gambling Insider reported that Evolution EVO · SEK 800.00 2026-10-16 Data ended its planned $85m purchase of Galaxy Gaming after outstanding gaming approvals were not secured by the agreement’s deadline. Evolution will pay a termination fee exceeding $5m.
The acquisition will not proceed and Evolution must pay Galaxy Gaming a termination fee.
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The filing brings Evolution’s regulatory settlement and abandoned acquisition into the dispute.
The authorisation permits Galaxy Gaming to repurchase shares following the cancelled merger.
The termination removes the planned combination of Evolution and Galaxy Gaming.
The termination ends the planned merger and creates a fee obligation.
The merger ends while the companies’ existing commercial relationship continues.
The cancelled purchase leaves Galaxy Gaming due a termination payment from Evolution.