Announced
Financials
Sources
Tags
Friendly
Single Bidder
Acquisition
Cross Border
Public
Pending
Minority
casinos
gaming products
Casinos and Gambling
Israel
Private Equity
Synopsis
Joffre Capital, a technology-focused investment firm, agreed to invest $2.2bn in Playtika, an Israel-based digital entertainment company that specializes in the development and publication of mobile casino games. In February this year, Playtika announced that it was examining different strategies for maximizing its value to shareholders. "As part of the process, the Board intends to consider a full range of strategic alternatives, which could include a sale of the company or other possible transactions," the announcement said.
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