- 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.
