HERZLIYA, Israel and
SHANGHAI, Jan. 24, 2022 /PRNewswire/ -- Playtika Holding
Corp. (NASDAQ: PLTK) ("Playtika") and its largest stockholder,
Playtika Holding UK II Limited ("PHUK II"), announced today that
PHUK II has decided to explore options for a potential sale of a
portion of the shares of Playtika common stock held by PHUK II.
Such sale is currently contemplated to be approximately 15 to 25%
of the total shares of Playtika currently outstanding, as further
described below.
![Playtika Logo (PRNewsfoto/Playtika Holding Corp.) Playtika Logo (PRNewsfoto/Playtika Holding Corp.)](https://mma.prnewswire.com/media/1723202/ON_WHITE_Logo.jpg)
PHUK II, which is controlled by affiliates of Yuzhu Shi, intends to explore options with
respect to the potential sale of shares of Playtika common stock,
which may include by means of private placements, public offerings
or other transactions ("Potential Transactions"). The determination
to conduct any Potential Transactions, and the timing thereof, will
depend on, among various factors, the price and terms of any
Potential Transaction, general market and economic conditions and
the outcome of any negotiations among the applicable parties. There
can be no assurance that the aforementioned explorations of
Potential Transactions will lead to any transactions being agreed
or consummated by PHUKII.
In the event that PHUK II consummates a Potential Transaction,
depending on the number of shares to be sold, PHUK II, Yuzhu Shi and their respective affiliates may no
longer control a majority of the outstanding shares of Playtika, in
which event Playtika may no longer be a "controlled company" under
NASDAQ rules.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities nor shall there be
any offer or sale of any securities in any state or other
jurisdiction in which or to any person to whom such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or other
jurisdiction.
About Playtika Holding Corp.
Playtika Holding Corp. is a leading mobile gaming and
entertainment company with over 35 million monthly active users
across a portfolio of games titles. Founded in 2010, Playtika was
among the first to offer free-to-play social games on social
networks and, shortly after, on mobile platforms. Headquartered in
Herzliya, Israel, and guided by a
mission to entertain the world through infinite ways to play,
Playtika has 20 offices worldwide including Tel-Aviv, London, Berlin, Vienna, Helsinki, Montreal, Chicago, Las
Vegas, Santa Monica, Newport Beach, Sydney, Lausanne, Kiev, Bucharest, Minsk, Dnepr, and Vinnytsia.
Forward-Looking Information
In this press release, Playtika makes "forward-looking
statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements can be
identified by the fact that they do not relate strictly to
historical or current facts. Further, statements that include words
such as "anticipate," "believe," "continue," "could," "estimate,"
"expect," "intend," "may," "might," "present," "preserve,"
"project," "pursue," "will," or "would," or the negative of these
words or other words or expressions of similar meaning may identify
forward-looking statements.
Important factors that could cause actual results to differ
materially from estimates or projections contained in the
forward-looking statements include without limitation:
- The independent investment decisions and actions of PHUK II or
its affiliates;
- Playtika's reliance on third-party platforms, such as the iOS
App Store, Facebook, and Google Play
Store, to distribute Playtika's games and collect revenues, and the
risk that such platforms may adversely change their policies;
- Playtika's reliance on a limited number of games to generate
the majority of Playtika's revenue;
- Playtika's reliance on a small percentage of total users to
generate a majority of Playtika's revenue;
- Playtika's free-to-play business model, and the value of
virtual items sold in Playtika's games, is highly dependent on how
Playtika manages the game revenues and pricing models;
- Playtika's inability to complete acquisitions and integrate any
acquired businesses successfully could limit Playtika's growth or
disrupt Playtika's plans and operations;
- Playtika may be unable to successfully develop new games;
- Playtika's ability to compete in a highly competitive industry
with low barriers to entry;
- Playtika has significant indebtedness and are subject to the
obligations and restrictive covenants under Playtika's debt
instruments;
- the impact of the COVID-19 pandemic on Playtika's business and
the economy as a whole;
- Playtika's controlled company status;
- legal or regulatory restrictions or proceedings could adversely
impact Playtika's business and limit the growth of Playtika's
operations;
- risks related to Playtika's international operations and
ownership, including Playtika's significant operations in
Israel and Belarus and the fact that Playtika's
controlling stockholder is a Chinese-owned company;
- Playtika's reliance on key personnel;
- security breaches or other disruptions could compromise
Playtika's information or Playtika's players' information and
expose us to liability; and
- Playtika's inability to protect Playtika's intellectual
property and proprietary information could adversely impact
Playtika's business.
Additional factors that may cause future events and actual
results, financial or otherwise, to differ, potentially materially,
from those discussed in or implied by the forward-looking
statements include the risks and uncertainties discussed in
Playtika's filings with the Securities and Exchange Commission.
Although Playtika believes that the expectations reflected in the
forward-looking statements are reasonable, Playtika cannot
guarantee that the future results, levels of activity, performance
or events and circumstances reflected in the forward-looking
statements will be achieved or occur, and reported results should
not be considered as an indication of future performance. Given
these risks and uncertainties, readers are cautioned not to place
undue reliance on such forward-looking statements.
Except as required by law, Playtika undertakes no obligation to
update any forward-looking statements for any reason to conform
these statements to actual results or to changes in Playtika's
expectations.
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SOURCE Playtika Holding Corp.