The Israeli gaming group Playtika has announced the formation of a special committee. With advice from Morgan Stanley, the committee is tasked with exploring options and alternatives “to unlock and enhance shareholder value”.
The formation of the Special Committee of the Board of Directors was announced in a regulatory filing. It comprises exclusively independent board members. In addition, Morgan Stanley has been engaged as an adviser.
However, Playtika emphasises in the mandatory announcement that the committee’s work will not necessarily result in a change of strategy. Furthermore, no findings from the committee’s work will be published until both the committee and the board have decided that the publication of further details is appropriate or necessary.
Through various acquisitions in recent years, Playtika has become a global player in the mobile market. According to the company, the group employs over 3,000 people across 15 locations. From a German perspective, the Berlin site is of particular interest: in 2018 (in German), Playtika acquired Wooga, one of Germany’s largest and most successful games companies.
