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home / news releases / PLTK - Playtika stock gains after Joffre Capital agreed to acquire a 20% stake for $21/share

PLTK - Playtika stock gains after Joffre Capital agreed to acquire a 20% stake for $21/share

Playtika Holding Corp.
Playtika (NASDAQ:PLTK) shares rallied 18% in premarket trading after a private equity firm Joffre Capital agreed to acquire a 20% controlling stake in company from a Chinese investment group for $21/share or at an $8.5B valuation. The valuation represents a 46% premium over trading prices on Monday. Founded in 2010, the company is an Israeli maker of casual mobile games and "social casino" games and it went public in January 2021 at $27 per share, representing an $11.1B valuation. As of Monday's close, its market cap was just shy of $6B. The company's shares will continue trading on Nasdaq after the sale.

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Playtika stock gains after Joffre Capital agreed to acquire a 20% stake for $21/share
Stock Information
Company Name: Playtika Holding Corp.
Stock Symbol: PLTK
Market: NASDAQ
Website: playtika.com
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