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home / news releases / PLTK - Playtika shares jump after announcing review of strategic alternatives

PLTK - Playtika shares jump after announcing review of strategic alternatives

Playtika Holding Corp.
Playtika Holding (NASDAQ:PLTK) advanced 17% in after hours trading after the maker of mobile games said its board is exploring strategic alternatives, including a potential sale of he company. Playtika (PLTK) has retained the Raine Group as its financial advisor and has hired Latham & Watkins LLP as its legal counsel, according to a statement. The company moved up its Q4 earnings release to today and postponed its analyst day,  which was scheduled for March 3.  The news comes after Playtika (PLTK) last month said its largest stockholder was exploring a potential sale of a portion of its shares of Playtika. The strategic review also follows a short report from Grizzly Research earlier this month. Playtika (PLTK) hasn't set a timetable for the review process nor has it made any decisions related to strategic alternatives at this time Playtika short interest is 13%. Earlier, Playtika reports 4Q results.

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Playtika shares jump after announcing review of strategic alternatives
Stock Information
Company Name: Playtika Holding Corp.
Stock Symbol: PLTK
Market: NASDAQ
Website: playtika.com
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