Playtika to Spend $1.2b

Playtika to Spend $1.2b

Mergers and Acquisitions

29 February 2024 09:28

Playtika, has announced a shift in its strategy. According to recent investors call it has decided to halt its search and intends to allocate $1.2b towards mergers and acquisitions (M&A) activities over the next three years. The current market conditions are considered an opportunity by the company.

The company stated that "ongoing uncertainty in Israel and Ukraine" was the reason behind pausing its search for a buyer. Despite this decision, Playtika reported a revenue of $638m for the fourth quarter of 2023. The company also stated that they will continue the pause on new titles.

Tags: Playtika

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Playtika Acquires SuperPlay

Playtika Holding Corp. has announced a definitive agreement to acquire Israeli mobile gaming company SuperPlay for $700m, with potential contingent...

Mergers and Acquisitions

Sep 19, 2024

Playtika to Fire 400 Employees

According to recent reports, Playtika will lay off more than 400 employees across the company. [[News/Playtika to Acquire Innplay Labs|The...

Hires

Jan 11, 2024

Playtika to Acquire Innplay Labs

Playtika announced the acquisition of Innplay Labs. Playtika will pay $80m upfront however the acquisition cost can increase as much...

Mergers and Acquisitions

Sep 15, 2023

KRAFTON Acquires Stake in Nautilus Mobile

Krafton has acquired a controlling stake in Indian gaming studio Nautilus Mobile for $14 million. The all-cash deal, confirmed at the...

Mergers and Acquisitions

Apr 02, 2025

DoubleU Games Finalizes Paxie Acquisition

DoubleU Games, the South Korean gaming giant, has successfully completed its acquisition of Paxie Games, a Turkish game developer, for...

Mergers and Acquisitions

Mar 27, 2025

Playtika to Spend $1.2b

Mergers and Acquisitions

29 February 2024 09:28

Tags: Playtika

Playtika, has announced a shift in its strategy. According to recent investors call it has decided to halt its search and intends to allocate $1.2b towards mergers and acquisitions (M&A) activities over the next three years. The current market conditions are considered an opportunity by the company.

The company stated that "ongoing uncertainty in Israel and Ukraine" was the reason behind pausing its search for a buyer. Despite this decision, Playtika reported a revenue of $638m for the fourth quarter of 2023. The company also stated that they will continue the pause on new titles.

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Playtika Acquires SuperPlay

Playtika Holding Corp. has announced a definitive agreement to acquire Israeli mobile gaming company SuperPlay for $700m, with potential contingent...

Mergers and Acquisitions

Sep 19, 2024

Playtika to Fire 400 Employees

According to recent reports, Playtika will lay off more than 400 employees across the company. [[News/Playtika to Acquire Innplay Labs|The...

Hires

Jan 11, 2024

Playtika to Acquire Innplay Labs

Playtika announced the acquisition of Innplay Labs. Playtika will pay $80m upfront however the acquisition cost can increase as much...

Mergers and Acquisitions

Sep 15, 2023

KRAFTON Acquires Stake in Nautilus Mobile

Krafton has acquired a controlling stake in Indian gaming studio Nautilus Mobile for $14 million. The all-cash deal, confirmed at the...

Mergers and Acquisitions

Apr 02, 2025

DoubleU Games Finalizes Paxie Acquisition

DoubleU Games, the South Korean gaming giant, has successfully completed its acquisition of Paxie Games, a Turkish game developer, for...

Mergers and Acquisitions

Mar 27, 2025