A screen displays mobile gaming company Playtika Holding Corp’s company logo during the company’s IPO in Times Square in New York City, U.S., January 15, 2021. REUTERS
Mobile games developer Playtika said on Wednesday it would acquire peer SuperPlay in a deal that could go up to $1.95 billion, which would bring popular games such as Bingo Blitz and Dice Dreams under the same umbrella.
Playtika said it would offer, $700 million upfront for SuperPlay, with an additional contingent consideration of up to $1.25 billion subject to the latter meeting certain financial targets over the next three years.
Playtika expects to close the transaction in the fourth quarter, and added it will update its annual forecasts during its third-quarter earnings call. Both companies are based in Israel.
Reporting by Juveria Tabassum; Editing by Krishna Chandra Eluri
