Consortium to acquire Playtika for USD4.4bn

A consortium, including an affiliate of Shanghai Giant Network Technology Co., Ltd. has entered into a definitive agreement with Caesars Interactive Entertainment, Inc. to acquire Playtika, CIE´s social and mobile games business in an all-cash deal for USD4.4 billion, the company said.

The consortium includes Giant Investment Limited; Yunfeng Capital, a private equity firm founded by Alibaba Group Holding Ltd. founder Jack Ma; China Oceanwide Holdings Group Co., Ltd.; China Minsheng Trust Co., Ltd.; CDH China HF Holdings Company Limited and Hony Capital Fund.

Following the transaction Playtika will continue to run independently with its headquarters remaining in Herzliya, Israel and its existing management team continuing to run day-to-day operations.

Raine Group LLC served as financial advisor and Latham & Watkins LLP served as legal advisor to CIE. CODE Advisors LLC served as financial advisor and Fenwick & West LLP served as legal advisor to Giant.

Shanghai Giant Network Technology Co., Ltd., is an online games developer and operator, headquartered in Shanghai, China. Giant counts nearly 50 million monthly active users (MAU) and several mobile titles across its portfolio of games.

Playtika offers free-to-play games on social networks and mobile platforms that are played daily by more than six million people in 190 countries, in 12 languages and on more than 10 platforms.

Caesars Interactive Entertainment (Cie) is an interactive social and mobile games providers.