{"id":786883,"date":"2023-09-28T15:46:31","date_gmt":"2023-09-28T19:46:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/playtika-holding-corp-completes-strategic-acquisition-of-innplay-labs-further-strengthening-its-mobile-gaming-portfolio-with-popular-animals-coins\/"},"modified":"2023-09-28T15:46:31","modified_gmt":"2023-09-28T19:46:31","slug":"playtika-holding-corp-completes-strategic-acquisition-of-innplay-labs-further-strengthening-its-mobile-gaming-portfolio-with-popular-animals-coins","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/playtika-holding-corp-completes-strategic-acquisition-of-innplay-labs-further-strengthening-its-mobile-gaming-portfolio-with-popular-animals-coins\/","title":{"rendered":"Playtika Holding Corp. Completes Strategic Acquisition of Innplay Labs, Further Strengthening Its Mobile Gaming Portfolio with Popular \u201cAnimals & Coins\u201d"},"content":{"rendered":"
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HERZLIYA, Israel, Sept. 28, 2023 (GLOBE NEWSWIRE) — Playtika Holding Corp. (NASDAQ: PLTK), a mobile games pioneer and interactive entertainment leader, has completed the acquisition of Innplay Labs, a mobile gaming studio in Israel and home to the highly rated \u201cAnimals & Coins.\u201d This milestone marks Playtika\u2019s second strategic acquisition this quarter, with the previous acquisition of Youda Games\u2019 card game portfolio from Azerion closing in late August.<\/p>\n

The acquisition of Innplay Labs further demonstrates Playtika\u2019s commitment to strategic expansion of its mobile gaming portfolio. Innplay Labs brings a promising growth opportunity in the Luck Battle genre to Playtika\u2019s ecosystem and will strive to continue delivering outstanding gaming experiences to players worldwide.<\/p>\n

\u201cSince our founding and through our track record of optimizing high-growth potential IP, like \u2018Animals & Coins,\u2019 Playtika has built a reputation for completing strategic acquisitions that deliver value to shareholders,\u201d said Craig Abrahams, President and Chief Financial Officer of Playtika. \u201cThis acquisition of Innplay Labs strengthens our position as a mobile games leader and is a testament to our commitment to investing in Israel as a global technology and innovation hub.\u201d<\/p>\n

\n About Playtika Holding Corp. <\/strong>
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Playtika\u00a0(NASDAQ:\u00a0PLTK) is a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles. Founded in 2010,\u00a0Playtika\u00a0was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. Headquartered in\u00a0Herzliya,\u00a0Israel, and guided by a mission to entertain the world through infinite ways to play,\u00a0Playtika\u00a0has employees across offices worldwide.<\/p>\n

\n Forward Looking Information<\/strong>
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In this press release, we make \u201cforward-looking statements\u201d within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. Further, statements that include words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “present,” “preserve,” “project,” “pursue,” “will,” or “would,” or the negative of these words or other words or expressions of similar meaning may identify forward-looking statements.<\/p>\n

Important factors that could cause Playtika\u2019s actual results to differ materially from estimates or projections contained in the forward-looking statements include without limitation:\u00a0\u00a0<\/p>\n