Playtika to Spend $1.2b

From TwogPedia
Revision as of 09:53, 29 February 2024 by Andura (talk | contribs) (Created page with "{{News |seo_title=Playtika to Spend $1.2b |seo_keywords=Playtika |image=Playtika.png |tags=Playtika |date=2024-02-29T09:28:45.000Z |sources={{NewsSource |source=Games Industry |url=https://www.gamesindustry.biz/playtika-earmarks-up-to-12bn-for-mergers-and-acquisitions |article=News/Playtika to Spend $1.2b }} |author=Andura |category=Mergers and Acquisitions |content=Playtika, has announced a shift in its strategy. According to recent investors call...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

News/Playtika to Spend $1.2b







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:
View All
News Image
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

News Image
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

News Image
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

News Image
NCsoft Acquires 70% Stake in Berlin Mobile Studio JustPlay for $202 Million in Casual Gaming Push

===== TL;DR ===== * South Korean games giant NCsoft is acquiring a 70% stake in Berlin-based casual mobile developer JustPlay...

Mergers and Acquisitions

Mar 12, 2026

News Image
Vento Games Raises $4 Million Seed Round Led by Makers Fund

TL;DR * Istanbul-based Vento Games, founded in 2024 by former executives from Peak Games, Fungo, and Zynga, has closed a...

Mergers and Acquisitions

Mar 05, 2026

Media Archive:

  • Source IconOverlay Icon
Retrieved from "https://staging.twogpedia.com/index.php?title=News/Playtika_to_Spend_$1.2b&oldid=9730"

About the author

DU
Dante Uzel
Esports & Gaming Journalist
Dante Uzel is an esports and gaming news journalist with eight years covering the industry. His work has appeared in publications including Game Life and The Game Post, and he currently reports for TwogNews and TwogPedia.