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

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• 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.

Comments

[GameKing13]

And somehow.. we are down 8% this morning. No words