Brief: Playstudios To Purchase Shares Owned By Microsoft

Playstudios

11/06/2024 23:07

Playstudios Inc  MYPS.O :
    * PLAYSTUDIOS TO PURCHASE SHARES OWNED BY MICROSOFT
    * PLAYSTUDIOS INC - SHARES WILL BE PURCHASED AT A PRICE OF
$2.11
PER SHARE AND FUNDED WITH AVAILABLE CASH
    * PLAYSTUDIOS INC - TOTAL CONSIDERATION PAID BY PLAYSTUDIOS
WILL
BE $24.6 MILLION
    * PLAYSTUDIOS INC - ENTERED INTO AN AGREEMENT TO PURCHASE
11,677,398 SHARES OF COMPANY'S CLASS A COMMON STOCK HELD BY
MICROSOFT CORPORATION
    * PLAYSTUDIOS INC -REPURCHASE WILL REDUCE NUMBER OF SHARES
OF
COMPANY'S OUTSTANDING COMMON STOCK BY APPROXIMATELY 8.6%

Source text for Eikon:  ID:nBw6dFPCWa 
Further company coverage:  MYPS.O