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Israeli cell video games firm Playtika (Nasdaq: PLTK) has introduced that it “has ended preliminary discussions” to purchase Rovio Leisure, the producer of ‘Indignant Birds.’
In January Playtika, led by CEO Robert Antokol, submitted a non-binding proposal to purchase the Finnish firm for €690 million. Playtika had provided to purchase Rovio shares for €9.05 every, a 60% premium on the then share value.
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Herzliya-based Playtika is traded on Nasdaq at a market cap of $4 billion, two years after its IPO at an organization valuation of $11 billion. On the finish of 2022 the corporate had $769 million money in its coffers.
Playtika’s income was $2.6 billion in 2022, up just one.3% from 2021, in contrast with 8.9% income development in 2021. Within the fourth quarter income was $631 million, down 2.7% from the fourth quarter of 2021.
In 2022, non-public fairness agency Joffre Capital reported that it had purchased a 25.7% stake in Playtika for $2.2 billion from one of many Chinese language members of the consortium controlling the corporate. Joffre paid $21 a share, whereas as we speak’s share value is $10.9. Subsequently Joffre tried to cancel the deal after elevating prices towards Playtika’s administration.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on March 22, 2023.
© Copyright of Globes Writer Itonut (1983) Ltd., 2023.
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