Entain had offered to acquire Enlabs much earlier and now it has got the approval of its shareholders for the same.
The Entain had made a public cash offer to the shareholders of Enlabs AB and the offer was made through Bwin Holdings subsidiary.
The revised value of the shares was SEK 53 ($6.23) per piece, which was increased after the previous offer at 40 was rejected.
The whooping majority of 94.2% of shareholders approved the new valuation and now the acquisition can take place unconditionally.
The operator will now begin proceedings for purchasing more than 65.6 million in approved shares.
The transaction is expected to get finalized by April 13, 2021 and Entain has requested the delisting of shares from the Nasdaq First North Growth Market.