Acies Acquisition: Rises on Playstudios merger report

Playstudios

27/01/2021 14:23

** Shares of blank-check firm Acies Acquisition Corp
 ACAC.O  up 4.5% at $11.39 premarket - among top pct gainers on
the NYSE
    ** ACAC is in talks to take MGM Resorts-backed mobile game
developer Playstudios Inc public, Bloomberg reported on Tuesday,
citing people familiar with the matter https://bit.ly/3sYzTMB
    ** Playstudios co-founder and CEO Andrew Pascal co-founded
ACAC and is financial adviser to its Board https://bit.ly/2MxETXF
    ** Deal would value the combined entity at $1 billion, the
report added
    ** ACAC raised $200 mln through an IPO last year 
 urn:newsml:reuters.com:*:nBw70y6Hwa

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))