Playtika slides as largest shareholder contemplates stock sale

Playtika Holding

24/01/2022 12:55

** U.S.-listed shares of Israeli mobile gaming co  PLTK.O 
down ~10% at $16.36 premarket - lowest since early December 
    ** Co's largest shareholder, Playtika Holding UK II Limited
(PHUK II), is exploring options for potential sale of PLTK
shares held by it  urn:newsml:reuters.com:*:nPn4X7RHja
    ** Sale would comprise of 15% to 25% of PLTK's total
outstanding shares
    ** PHUK II's options include private placement and public
offering for sale of such shares
    ** If sale occurs, PHUK II may no longer hold majority of
PLTK's outstanding shares 
    ** Up to Friday's close, stock had risen 4.9% YTD

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