Consortium to buy Playtika for $4.4 bln
Shanghai Giant Network Technology Co Ltd is leading a consortium to buy the social and mobile games business, or Playtika, from Caesars Interactive Entertainment Inc. The deal is valued at $4.4 billion. The consortium includes Yunfeng Capital, the private equity firm of Jack Ma, as well as Giant Investment (HK) Ltd. Caesars Interactive is a subsidiary of Caesars Growth Partners LLC, a joint venture between Caesars Acquisition Company and Caesars Entertainment Corp. Raine Group LLC provided financial advice to Caesars Interactive while Latham & Watkins LLP was their legal advisor. CODE Advisors LLC served as financial advisor and Fenwick & West LLP served as legal advisor to Giant.
1 August 2016•6 mins read
