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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.
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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.
Playtika Holding Corp. (NASDAQ: PLTK) reported its Q2 2022 financial results, with revenue of $659.6 million, a slight increase from $659.2 million year-over-year. Net income fell to $36.4 million from $90.0 million in the same quarter last year. Adjusted EBITDA decreased to $238.9 million, down from $264.4 million. The Casual Portfolio increased revenue by 10% year-over-year and now represents 53.3% of total revenue. The Direct-to-Consumer segment grew 14.2%, accounting for 23.3% of total revenue. Playtika anticipates 2022 revenue between $2.60 and $2.66 billion.
Labaton Sucharow, a prominent shareholder rights firm, is investigating potential securities law violations involving Playtika Holding Corp. (NASDAQ: PLTK). The firm encourages shareholders who believe they have been harmed to reach out for assistance. Labaton Sucharow is recognized for its expertise in complex litigation, including securities and shareholder rights cases, with offices in New York, Wilmington, and Washington, D.C.
Playtika Holding Corp. (NASDAQ: PLTK) will announce its second quarter 2022 financial results on August 4, 2022, before U.S. markets open. A conference call will follow at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) to discuss the results. Investors can access the live webcast and earnings materials on Playtika's Investor Relations website. Founded in 2010 and headquartered in Herzliya, Israel, Playtika is a leader in mobile gaming, offering a diverse portfolio of game titles.
Slotomania®, the leading play-for-fun slots game by Playtika®, has embarked on a bus tour through southern U.S. states to connect with players. Starting June 18 in San Antonio, where country star Tanya Tucker performed, this initiative aims to foster community engagement. The tour will include events in Dallas, Houston, Oklahoma, and Phoenix. Celebrated for its exceptional graphics and gameplay, Slotomania has remained the top-grossing social casino game for over a decade.
Bingo Blitz, a Playtika studio, has announced a partnership with Meals on Wheels America, aimed at addressing senior loneliness and hunger. The initiative includes dedicated in-game content and a total financial commitment of $300,000 throughout 2022, with $200,000 directly donated to the charity. Players will engage in activities to support seniors, such as cooking and delivering meals. This collaboration seeks to raise awareness of loneliness among older adults, further highlighting Bingo Blitz's commitment to fostering community spirit through gaming.
