The week was thick with gaming news, so some folks may not have noticed that Playtika, the Tel Aviv-based social casino games company, is considering going public.
Caixin Global reported that Playtika is looking to go public because Giant Network Group has failed repeatedly in its attempts to acquire the company over the past three years from current owner Alpha Frontier. Giant chairman Yuzhu Shi created Alpha Frontier as an investment consortium to buy Playtika for $4.4 billion. Shi intended for Giant to then take over Playtika, but each attempt has failed, with the price going up each time.
Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks.
Join now →
Sign in to your account.