Playtika (PLTK) said Wednesday it has agreed to acquire Tel Aviv-based mobile gaming company SuperPlay for $700 million, with the potential for an additional $1.25 billion contingent on meeting specific financial targets over the next three years.
The deal is expected to close in Q4, pending customary closing conditions and regulatory approvals, the company said.
Playtika also said it will update its fiscal year guidance during its Q3 earnings report.
Shares of Playtika were up over 1% in after-hours activity.
Price: 8.00, Change: +0.11, Percent Change: +1.39
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.