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Playtika Surges After Opting to Remain Independent
The board ended its strategic review after Playtika posted $252.1 million in adjusted EBITDA and said it will focus on balance-sheet strength.
Summary
5 Articles
5 Articles
The Israeli gaming company, which hired Morgan Stanley about six months ago to examine "value overflow", announced the end of the process - without a deal • At the same time, Playtika surpassed analysts' forecasts in the third quarter, reporting a profit of about $40 million and a jump in EBITDA • CEO Robert Antokol: "Our games were built to succeed over time"
Economy: The Board of Directors of the Israeli Playtika Mobile Games has completed an analysis of strategic alternatives and decided that the company will continue to operate as an independent public company.
Coverage Details
Total News Sources5
Leaning Left1Leaning Right1Center1Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
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