Playtika agrees to acquire Innplay Labs for up to $300M ($80M upfront plus earnout)

On September 14. 2023, Playtika Ltd. (“Playtika Limited”), a wholly owned subsidiary of Playtika Holding Corp. (the “Company”), entered into that certain Share Purchase Agreement (the “Purchase Agreement”) with G.S InnPlay Labs Ltd. (“InnPlay”) and the shareholders of InnPlay (the “Sellers”), pursuant to which, subject to the terms and conditions thereof, Playtika Limited agreed to purchase from the Sellers, and the Sellers agreed to sell to Playtika Limited, all of the issued and outstanding share capital of InnPlay (the “Transaction”) for an aggregate purchase price equal to (i) $80,000,000, payable at the Closing, subject to certain post-closing adjustments, plus (ii) earnout payments of up to $220,000,000, the amounts of which will be based on certain gross revenue growth performance metrics of InnPlay during the two years following the closing the Transaction, in each case, payable following the end of the applicable measurement period.