Private equity business Joffre Money has bought a 25.7% stake in Playtika (Nasdaq: PLTK). The company’s Chinese shareholder has reported to the US Securities and Trade Fee (SEC) that it has bought its handle in the Israeli gaming corporation. Joffre Capital is spending $21 per share for a total expenditure of $2.2 billion.

Even however Joffre Money is paying perfectly above the market price tag, Playtika’s share rate is at present down 5.73% on Nasdaq at $13.56, providing a current market cap of $5.3 billion.




Similar Articles











In February this 12 months, Playtika declared that it was examining unique techniques for maximizing its worth to shareholders. “As aspect of the course of action, the Board intends to consider a complete assortment of strategic alternatives, which could incorporate a sale of the company or other attainable transactions,” the announcement explained.

Playtika’s share selling price fell 45% between its flotation in January 2021 and yesterday’s report, to a price offering the firm a market cap of $6 billion, which compares with $11 billion in the flotation.

Printed by Globes, Israel enterprise news – en.globes.co.il – on June 28, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.