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Giant Network: a subsidiary of an equity subsidiary sold its 25.73% stake in the company for about $2.2 billion

via:新浪科技     time:2022/6/29 12:01:50     readed:165

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Giant network announcement on June 29, Equity subsidiary Shanghai giant yu network technology co., LTD. (hereinafter referred to as the "giant" yu network ") indirect control subsidiary PlaytikaHoldingUKIILimited (hereinafter referred to as the "PlaytikaUKII") on June 27, 2022 (est) JoffrePalac with non-affiliated third parties EHoldingsLimited (" Joffre ") enters into a stock purchase agreement whereby playtika kaukii will dispose of its holdings of playtika holdings corp. (nasdaq: PLTK, hereinafter referred to as "Playtika") 106,102,467 shares (approximately 25.73% of Playtika's total share capital) were sold to Joffre at a mutually agreed consideration of $21 per share (tax inclusive) for a total transaction amount of $2,2815 million (tax inclusive), payable in cash installment. This transaction has fulfilled PlaytikaUKII's decision making process. This transaction does not involve a related party transaction and does not constitute a material asset restructuring.

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