SCPL - SciPlay acquires casual mobile game developer Alictus in all-cash deal

SciPlay (NASDAQ:SCPL) acquired Alictus, a global developer and publisher of casual mobile games, in an all-cash deal. SCPL will acquire 80% of Alictus for $100M in a cash payment that is not subject to financing. Over the next 5 years, SCPL will acquire the remaining 20% of Alictus in equal installments, which will range from, in aggregate, $0-200M, with valuations based on specific revenue and profitability targets. The deal allows SCPL to rapidly expand in the casual market with increased scale and a deep pipeline of games in the fast-growing hyper-casual category. The acquisition will increase SCPL's daily active users (DAUs) by ~1.8M and monthly active users (MAUs) by ~28M. It will also diversify SCPL's revenue streams with Alictus' in-app advertising platform to capitalize on the ~$13B global mobile in-game advertising market. The deal will expand SCPL's casual development capabilities with the addition of Alictus' studio in Turkey. It will

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SciPlay acquires casual mobile game developer Alictus in all-cash deal