By Reuters | Updated: September 19, 2024
Sept 18 (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 up front 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.
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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.
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@ Thomson Reuters 2024
