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Playtika to be purchased by Chinese Consortium for $4.4 Billion

Tags: Arik Sandler, Giant Investment Limited, Playtika, Robert Antokol
Posted on 02 August 2016 by "T".

Playtika, a Herzliya-based gaming company owned by Caesars Entertainment Corp., said in a special announcement that their company is being acquired by a group of Chinese investors for $4.4 billion. The consortium behind the buyout are Chinese business giants like Giant Investment Limited, an affiliate of Shanghai Giant Network Technology Co.; Yunfeng Capital from the house Alibaba; China Minsheng[...] Read more » Playtika to be purchased by Chinese Consortium for $4.4 Billion

2-Aug-16, 08:03 #1

doubletop777 doubletop777 is currently offline!

Posted 2-Aug-16, 08:03 #1

doubletop777 doubletop777 is currently offline!

Joined: Mar '11
Location: United Kingdom
Age: 55 (M)
Posts: 7371

This is an incredible amount of money and the people who founded this company must be laughing all the way to the bank. The Chinese market is huge and there will be, in my opinion, a lot more of these takeovers

2-Aug-16, 20:10 #2

pochui

Posted 2-Aug-16, 20:10 #2

pochui pochui is currently offline!

Joined: May '08
Location: Lithuania
Age: 39 (M)
Posts: 10090

playtika what? never heard of the, guess that's a valid reason to shell out 4.4 billion. well considering that it's chinese who are bankrolling the deal it's not a big surprise to see lots of trailing zeros... their main industry in which 99% of people are employed is money printing... naturally with so much paper around they have to invest it somewhere...

3-Aug-16, 05:18 #3

Calmplay

Posted 3-Aug-16, 05:18 #3

Calmplay Calmplay is currently offline!

Joined: Apr '08
Location: Mauritius
Age: 59 (M)
Posts: 4146

hahahaha can't wait for the big breaking news 'Calmplay to be purchased by Chinese Consortium for xxx billions.

3-Aug-16, 08:23 #4

Tony_MON7ANA Tony_MON7ANA is currently offline!

Posted 3-Aug-16, 08:23 #4

Tony_MON7ANA Tony_MON7ANA is currently offline!

Joined: Mar '14
Location: Japan
Age: 49 (M)
Posts: 8946

$4.4 billion! The power and influence of the wealthy Chinese investors cannot be underestimated. There is a special or unique dimension of business ethics in China. They have a tendency to venture high-risk investments that offer potential high yields.

Edited by Tony_MON7ANA (03 August 2016 @ 08:38 GMT)

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