M&A
confidence high
sentiment positive
materiality 0.85
Playtika to acquire SuperPlay for $700M upfront, up to $1.25B earnout, adds 1.7M DAU
Playtika Holding Corp.
- Acquisition of SuperPlay for $700M upfront cash, with earnout up to $1.25B contingent on revenue and Adjusted EBITDA targets over 3 years.
- SuperPlay's titles Dice Dreams (#3 Coin Looter) and Domino Dreams (#1 Board game) have ~1.7M average DAU and both reached $100M run-rate within 3 years.
- Co-founders Gilad Almog and Eyal Netzer will continue to lead SuperPlay as an independent studio within Playtika.
- Deal expected to close in Q4 2024; Playtika to fund from cash on hand and remains committed to dividend program.
- Management to provide updated M&A capital allocation guidance as part of FY2024 earnings; next guidance update in Q3 2024 earnings.