Sun. Apr 14th, 2024

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Playtika Signs Acquisition Agreement with Israeli-based Innplay Labs for up to $300 Million_1

Digital entertainment company, Playtika Holding Corp. (NASDAQ: PLTK), will reportedly acquire fellow Israel-based company Innplay Labs for as much as $300 million (£241.4m/€281.5m), having entered into a definitive agreement. 

Per Form 8-K posted by Playtika on Sept. 14, 2023: Playtika Limited agreed to purchase from the Sellers, and the Sellers agreed to sell to Playtika Limited, all of the issued and outstanding share capital of InnPlay (the “Transaction”) for an aggregate purchase price equal to (i) $80,000,000, payable at the Closin…