Playtika to Gain From the Acquisition of Israel-Based SuperPlay
PLTKPlaytika(PLTK) ZACKS·2024-09-19 23:45

Playtika Holding Corp. (PLTK) is set to acquire an Israel-based mobile gaming company, SuperPlay.The acquisition is expected to close in the fourth quarter of 2024, upon the satisfaction of customary closing conditions and regulatory approvals. PLTK will acquire SuperPlay for 700millioninupfrontconsideration,withadditionalcontingentconsiderationofupto700 million in up-front consideration, with additional contingent consideration of up to 1.25 billion, subject to SuperPlay achieving certain financial targets for 2025, 2026 and 2027.PLTK stock gained 1.7% in the after-hours trading ...