According to the report by the Axios website, Playtika will carry on to be traded on Nasdaq.


Private equity agency Joffre Money is set to acquire a significant stake in cell video games developer Playtika (Nasdaq: PLTK), at a quality amounting to more than 40% on the closing rate of the company’s shares yesterday, according to the Axios web-site.

The shares will be acquired from Playtika’s Chinese controlling shareholder, a company headed by Yuzhu Shi, at a valuation of $8.7 billion. The Israeli video games enterprise will continue to be traded on Nasdaq.

Subsequent the report, Playtika’s share value jumped 32% in just after-several hours buying and selling.

In February this 12 months, Playtika announced that it was inspecting unique approaches for maximizing its benefit to shareholders. “As part of the system, the Board intends to take into consideration a complete assortment of strategic alternate options, which could include a sale of the enterprise or other achievable transactions,” the announcement explained.

Playtika’s share rate fell 45% amongst its flotation in January 2021 and yesterday’s report, to a selling price supplying the enterprise a market cap of $6 billion, which compares with $11 billion in the flotation.

Printed by Globes, Israel business news – en.globes.co.il – on June 28, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.



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