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Playtika Invests $25M into Ace Video games

Playtika Holding Corp. (NASDAQ: PLTK) have been flat Monday, because the cellular gaming leisure and know-how market chief with a portfolio of prime informal titles, as we speak introduced execution of an settlement for a $25-million minority funding in Turkish cellular gaming firm Ace Video games. Ace is the developer of Fiona’s Farm, a free-to-play modern informal cellular recreation that expertly and uniquely combines the mechanics of Match-3, farming, ornament, and narrative-driven video games into one immersive cellular gaming expertise for gamers.

Ace was based in 2020 by its Chief Govt Officer, Hakan Bas, co-founder of Peak Video games, the developer of Toy Blast and Toon Blast (bought for $1.8 billion). It’s led by an skilled and gifted workforce of business veterans from firms like Dream Video games and Playrix, and the workforce has a confirmed monitor report within the cellular informal gaming house.

“Our funding in Ace Video games is a vital milestone within the execution of our new video games funding technique as Playtika continues to hunt publicity to high-growth potential recreation IP in cost-effective methods,” mentioned CEO Robert Antokol. “The gifted workforce at Ace has constructed a best-in-class and modern product on the ‘Match-3 and Meta’ recreation mannequin. Playtika can tremendously complement Ace with our LiveOps and Digital Studio capabilities, leveraging our enhanced monetization and recreation operations management in cellular gaming.”

PLTK shares cleared breakeven one cent to $9.47.

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