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Benzinga
Benzinga
Business
Akanksha Bakshi

Read Why Playtika's Shares Are Trading Higher Premarket

Playtika PLTK Nasdaq Playtika Holding Corp
  • Playtika Holding Corp (NASDAQ:PLTK) shares are soaring in the premarket session today on the news of the majority stake being acquired by Private equity firm Joffre Capital.
  • According to Axios, Joffre Capital has agreed to acquire a majority stake in Playtika at $21 a per share from a Chinese investment group, a 46% premium to PLTK’s closing price on Monday.
  • Read How Playtika performed in Q1: Playtika Q1 Performance, Q2 Outlook Lag Street Estimates.
  • In February 2022, the company announced that it had initiated a process to evaluate strategic alternatives.        
  • Playtika went public in January 2021 at $27 per share, ahead of its previously-indicated range of $22 to $24.
  • The shares have fallen 20.45% year to date. As of Monday, PLTK’s market cap was ~$6 billion.
  • Price Action: PLTK shares are trading higher by 6.88% at $15.38 during the premarket session on Monday.
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