Saturday, July 02, 2022

Playtika sale endangered by foreign acquisition clampdown


The $4.8 billion acquisition of Playtika by a consortium in China has hit a regulatory hurdle, with authorities reluctant to approve the sale after a national clamp down on foreign acquisitions.

According to a report in the Wall Street Journal, the delay on the Israeli-based company’s sale lies in social gaming products, which is seen to promote gambling - that of which is an illegal activity in China.

However, sources speaking to Wall Street Journal said the acquisition has neither been formally rejected or approved.

It is expected the deal will be decided on by mid-February.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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