Israel-based recreation developer Playtika (NASDAQ:PLTK) has a definitive deal to amass Israel-based cellular gaming studio Innplay Labs.
Playtika can pay upfront consideration of $80M, with the deal structured for optimum consideration of $300M.
The transaction follows carefully on Playtika’s deal to amass the Youda Video games card-game portfolio from Azerion, together with Governor of Poker 3, entered on Aug. 1.
The Innplay acquisition “represents one other strategic growth of our portfolio with a promising and progressive development franchise within the Luck Battle style, and presents one other alternative for us to additional make the most of our experience in leveraging LiveOps and proprietary expertise to drive sustained, long-term development,” Playtika CEO Robert Antokol mentioned.
“As a fellow Israeli-based firm acknowledged for innovation, Innplay’s proficient group shares our tradition of focus, velocity and agility,” he mentioned. “We’re excited to embark on this journey collectively and to rebrand Animals & Cash alongside Innplay.”