Brief: Playtika Enters Design Entertainment Market Through Acquisition Of Reworks, Maker Of Redecor

Playtika Holding

31/08/2021 21:06

Aug 31 (Reuters) - Playtika Holding Corp  8II.F :
    * PLAYTIKA ENTERS DESIGN ENTERTAINMENT MARKET THROUGH
ACQUISITION
OF REWORKS, MAKER OF REDECOR
    * PLAYTIKA HOLDING CORP - HAS ACQUIRED 80% OF REWORKS FOR
$400
MILLION IN CASH
    * PLAYTIKA HOLDING CORP - WILL PURCHASE REMAINING 20% OF
REWORKS
FOR UP TO $200 MILLION, BASED ON 2022 COMPANY EBITDA
    * PLAYTIKA HOLDING CORP - ACQUISITION IS EXPECTED TO
CONTRIBUTE
APPROXIMATELY $30 MILLION IN REVENUE TO PLAYTIKA'S 2021 REVENUE

Source text for Eikon:  ID:nGNX4JNwTd 
Further company coverage:  8II.F