Shares of mobile games developer Playtika (NASDAQ: PLTK) surged Thursday. That’s following a report indicating at least two private equity firms are considering a takeover of the gaming company.
Dealreporter reported Thursday that Advent International and CVC Capital Partners are kicking the tires on the Israeli gaming firm. That article surfaced about two months after another suggested unidentified private equity shops expressed initial interest in Playtika.
Investors liked the news. After Playtika stock was halted earlier in Thursday’s session for news pending, the shares are up 8.21% on volume that’s nearly double the daily average in late trading. That move has the stock flirting with a close at or above $11 for the first time since late April.
Dealreporter reported Thursday that Advent International and CVC Capital Partners are kicking the tires on the Israeli gaming firm. That article surfaced about two months after another suggested unidentified private equity shops expressed initial interest in Playtika.
Investors liked the news. After Playtika stock was halted earlier in Thursday’s session for news pending, the shares are up 8.21% on volume that’s nearly double the daily average in late trading. That move has the stock flirting with a close at or above $11 for the first time since late April.