Amadeus Corporate Business AG offered to acquire i:FAO AG (XTRA:FAO2) from Louis Arnitz and other shareholders for €75.7 million on April 3, 2014. Amadeus will make the acquisition via a tender offer and pay €15 per share as consideration. As a result of the deal, around 170 professionals, including i:FAO Group's executive management team and more than 100 developers will join Amadeus. Amadeus Capital Markets has entered into irrevocable undertakings with shareholders holding a total of 68.5% stake, including Louis Arnitz, the Chief Executive Officer. The tender offer is conditional upon acceptance by a minimum of 75% of shareholders, approval by German stock market regulators Bafin and German antitrust authority BKartA. As of June 13, 2014, Amadeus Corporate Business, after eliminating the minimum acceptance of 75% of the shareholders to which the offer was conditioned obtained the approval of the German antitrust authorities (Bundeskartellamt). Liquidation of the offer would take place on June 23, 2014. Heiner Braun, Sven Petersen and Gesine Wassenhoven of Freshfields Bruckhaus Deringer acted as legal advisor for Amadeus Corporate. Arndt Stengel, Annette Röhder and Gwendolyn Antonia Müller of Clifford Chance LLP acted as legal advisors to i:FAO. ValueTrust Financial Advisors SE acted as fairness opinion provider for executive and supervisory board of i:FAO AG. KPMG Germany, Corporate Finance Division acted as financial advisor to Amadeus. goetzpartners Corporate Finance SAS acted as financial advisor to i:FAO Aktiengesellschaft in the transaction.

Amadeus Corporate Business AG completed the acquisition of 72.37% stake in i:FAO AG (XTRA:FAO2) from Louis Arnitz and other shareholders for €54.8 million on June 23, 2014.