Playtika's SuperPlay Acquisition Likely to Be 'Highly' Accretive, Wedbush Says

MT Newswires Live

Sep 19, 2024

Playtika Holding's (PLTK) acquisition of SuperPlay would likely be "highly" accretive and contribute to "considerable" pro forma growth for the company, Wedbush Securities said in a note to clients Thursday.

Playtika's proposed deal to acquire the creator of mobile games "Dice Dreams" and "Domino Dreams" is expected to close in Q4.

Wedbush said both games "are in a considerable period of growth right now."

"SuperPlay has proven itself as an expert game maker with two popular games in two different genres, coin looters and board games," the firm said.

Wedbush maintained Playtika's outperform rating and $11.50 price target.

Playtika shares rose 2.7% in recent early Thursday trading.

Price: 8.10, Change: +0.21, Percent Change: +2.66

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