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Playtika Holding Corp (NASDAQ: PLTK), a leader in free-to-play mobile gaming, maintains this dedicated news hub for investors and industry observers. Access official press releases and curated updates about product launches, financial results, and strategic initiatives.
This resource consolidates all essential PLTK developments including earnings announcements, partnership agreements, and game portfolio expansions. Monitor updates about the company's social casino innovations, technology advancements, and global market activities.
Key updates typically include quarterly financial disclosures, leadership changes, game feature enhancements, and analyses of mobile gaming trends. Subscribers and returning visitors benefit from structured presentation of operational milestones and corporate communications.
Bookmark this page for streamlined tracking of Playtika's progress in interactive entertainment. Combine these verified updates with broader market research for informed decision-making in the dynamic mobile gaming sector.
Joffre Capital announced its inability to proceed with the pre-closing of a stock purchase agreement to acquire 106,102,467 shares of Playtika (PLTK) due to governance issues within the company. Co-Founder James Lu resigned from the Board, citing significant governance deficiencies, lack of Board responsiveness, and conflicts of interest due to management control. Lu expressed disappointment over the halted acquisition, emphasizing the Board's failure to address critical governance practices. Joffre is now seeking to recover its initial payment related to the agreement.
Playtika Holding Corp. (NASDAQ: PLTK) announced an extension for its Option Exchange offering period from December 12, 2022, to December 15, 2022, allowing eligible service providers to exchange stock options for restricted stock units. To date, 7,436,975 options have been tendered for this exchange. The terms of the exchange remain unchanged, and no recommendation has been made regarding participation. Potential risks related to the Option Exchange include timing uncertainties and possible impacts on the company's operations and relationships.
Playtika Holding Corp. (NASDAQ: PLTK) reported third quarter 2022 revenue of $647.8 million, a 1.9% increase from the previous year. The casual portfolio grew by 14.4%, now representing 54.9% of total revenue, while the social casino portfolio declined by 10.2%. Net income dropped to $68.2 million from $80.5 million year-over-year, with adjusted EBITDA at $230.7 million. The company purchased $600 million in shares, reducing outstanding shares by 51.8 million.
Looking ahead, Playtika anticipates full year 2022 revenue to be between $2.60 and $2.66 billion.
Playtika Holding Corp. (NASDAQ:PLTK) will announce its third quarter 2022 financial results on November 8, 2022, before U.S. markets open. A conference call to discuss these results is scheduled for 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) on the same day. Investors can access a live webcast of the call and earnings materials on Playtika's Investor Relations website. Founded in 2010, Playtika is a leader in mobile gaming and offers a diverse portfolio of game titles.
Playtika Holding Corp. (NASDAQ: PLTK) has concluded its tender offer to buy back 51,813,472 shares at $11.58 each, totaling $600 million. The offer, which finished on October 3, 2022, saw significant interest, with 73,905,922 shares tendered. As a result, Playtika purchased approximately 70.1% of the shares tendered. Following this transaction, the company will have around 360,922,005 shares outstanding. The tender offer was managed by American Stock Transfer & Trust Company, LLC, with D.F. King & Co. serving as the information agent.
Playtika Holding Corp. (NASDAQ: PLTK) announced preliminary results of its tender offer to purchase up to 51,813,472 shares at $11.58 each, totaling about $600 million. The tender offer, which expired on October 3, 2022, saw 74,041,076 shares tendered. Due to oversubscription, approximately 69.98% of shares will be accepted on a pro rata basis. After the purchase, Playtika expects about 360,922,005 shares outstanding. This offer reflects a significant commitment to returning capital to shareholders amidst ongoing market challenges.
Playtika Holding Corp. (NASDAQ: PLTK) has announced the extension of its tender offer to purchase up to 51,813,472 shares of its common stock at a price of $11.58 per share. The new expiration date for the tender offer is October 3, 2022. As of now, approximately 217,149,286 shares have been validly tendered. The terms and conditions of the offer remain unchanged, and no recommendations regarding participation are made by Playtika's management or Board of Directors.
Playtika Holding Corp. (NASDAQ: PLTK) provided an update on its tender offer for up to 51,813,472 Shares at $11.58 each. As of September 22, 2022, approximately 217,140,286 Shares had been validly tendered. The offer, which expires on September 26, 2022, is not contingent on a minimum number of Shares being tendered. The controlling stockholder group is required to tender at least 211,711,155 Shares. The company emphasizes that it does not recommend participation in the tender offer. More details are available through the SEC filings.
Playtika Holding Corp. (NASDAQ: PLTK) announced a tender offer to purchase up to 51,813,472 shares of its common stock at a price of $11.58 per share. The offer, which commenced on August 29, 2022, will expire on September 26, 2022, unless extended. The last closing price before the offer was $10.92 per share. This move follows a review by the Board's Special Committee, aiming to protect stockholders from potential creditor actions against its controlling shareholder group. The offer is not conditioned on a minimum number of shares being tendered.
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