Blue Whale TMT Channel, June 29th, Giant Network announced that PlaytikaUKII, a subsidiary indirectly controlled by its shareholding subsidiary, Jukun Network, signed a "Stock Purchase Agreement" with a non-affiliated third party Joffre on June 27, 2022 (Eastern Time). 》, PlaytikaUKII sold its approximately 106 million shares of Playtika (NASDAQ: PLTK) (accounting for approximately 25.73% of Playtika's total share capital) to Joffre at a price of US$21 per share ( Including tax), the total transaction value is US$2,228.15 million (including tax), payable in cash in installments.
According to the announcement, this transaction has fulfilled PlaytikaUKII's decision-making procedures.This transaction does not involve related party transactions and does not constitute a major asset restructuring.
Before this transaction, PlaytikaUKII held 50.54% of Playtika's shares. After this transaction, PlaytikaUKII's shareholding ratio decreased to 24.81%, and Joffre's shareholding ratio was 25.73%.
According to reports, Playtika currently mainly uses artificial intelligence and big data analysis technology to engage in the research and development, distribution and operation of casual social online games, and its business is distributed in overseas markets such as the United States, Europe, and Australia.The company's revenue in the first quarter of 2022 was $677 million, and the net profit attributable to the parent company was about $83.2 million.
Giant Network said that this transaction may have a significant positive impact on the company's profits, but in view of the uncertainty of this transaction, the specific impact cannot be estimated for the time being, and the actual impact is subject to the conclusions of the audit report.The transaction will be performed by instalments after the corresponding delivery terms are met. It takes a long time from the signing of the agreement to the completion of the full payment and the completion of the delivery. There is uncertainty about whether the transaction can be successfully completed and the delivery can be achieved.
(Editor in charge: Guan Jing)
