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GlobeNewswire·

Playtika Announces Review of Strategic Alternatives to Maximize Shareholder Value

  • Playtika Holding Corp. (NASDAQ: PLTK) announced that a Special Committee of independent directors is conducting a comprehensive review of strategic alternatives across its portfolio to enhance shareholder value.
  • The company has retained Morgan Stanley & Co. LLC to serve as financial advisor for the review process.
  • Playtika stated there is no assurance that the strategic review will result in any transaction or specific action.
  • The company will not disclose further developments unless the Special Committee and Board approve a course of action requiring additional disclosure.
  • Playtika warned that actual results may differ materially from forward-looking statements due to risks including the potential suspension of the review, inability to consummate transactions, market dynamics, regulatory issues, & potential adverse effects on stock price.
  • Specific risks highlighted include Playtika's international operations in Israel & Ukraine, as well as its controlling shareholder being a Chinese-owned company.
  • The press release clarifies that it does not constitute an offer to sell or solicitation to buy securities in any jurisdiction.