Joffre Capital buys 25.7% stake in Playtika
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Non-public fairness firm Joffre Cash has procured a 25.7% stake in Playtika (Nasdaq: PLTK). The firm’s Chinese shareholder has reported to the US Securities and Exchange Commission (SEC) that it has offered its handle in the Israeli gaming company. Joffre Funds is having to pay $21 per share for a whole investment of $2.2 billion.

Even however Joffre Capital is paying out nicely around the sector cost, Playtika’s share rate is at the moment down 5.73% on Nasdaq at $13.56, giving a sector cap of $5.3 billion.




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In February this calendar year, Playtika declared that it was inspecting distinct approaches for maximizing its price to shareholders. “As aspect of the procedure, the Board intends to think about a whole selection of strategic alternatives, which could include a sale of the organization or other achievable transactions,” the announcement said.

Playtika’s share price tag fell 45% concerning its flotation in January 2021 and yesterday’s report, to a price giving the business a marketplace cap of $6 billion, which compares with $11 billion in the flotation.

Printed by Globes, Israel business information – en.globes.co.il – on June 28, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


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