Global Gaming is getting ready to go through some big changes, with a buy out offer on the table and a new boss. Enlabs has offered to acquire the Ninja Casino operator, while CEO Tobias Fagerlund looks for the exit.

Enlabs has put forward an offer to buy all remaining shares of Global Gaming, valung the business at SEK450m ($50.6million). Specifically, Global shareholders can exchange their shares in the Ninja Casino operator for SEK11 in cash and just over a third of a share in Enlabs, or they could take a buyout of 50% cash and 50% shares.

Since August, Enlabs has increased its ownership stake of Global Gaming to 66.7% of the company. That has triggered a threshold forcing them to make a takeover offer. Their bid is not overly generous as a result, only offering a 1% premium on Global’s trading price.

Enlabs made clear that this is about growing their footprint. “Enlabs” sees that Global Gaming’s brands have the potential to be launched in Enlabs’ current main markets Estonia, Latvia, and Lithuania, as well as in certain geographical markets where neither Enlabs nor Global Gaming are active today, which Enlabs considers to be potential growth markets, such as Ukraine,” they stated.