Playtika Agrees to $25 Million Minority Investment in Mobile Gaming Company Ace Games
Summary
The talented team at Ace has built a best-in-class and innovative product on the Match-3 and Meta game model. Playtika can greatly complement Ace with our LiveOps and Digital Studio capabilities, leveraging our enhanced monetization and game operations leadership in mobile gaming.Playtika has an unrivaled reputation for delivering superior in-game experiences, scaling mobile games to global dominance in their respective categories, said Hakan Bas, Founder and Chief Executive Officer of Ace. Ace is headquartered in Istanbul, Turkey and powered by a multi-generational approach with the aim to become a true interactive gaming powerhouse.Forward Looking Information In this press release, we make forward-looking statements within the meaning of the U.S. Further, statements that include words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "present," "preserve," "project," "pursue," "will," or "would," or the negative of these words or other words or expressions of similar meaning may identify forward-looking statements.Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include without limitation: our reliance on third-party platforms, such as the iOS App Store, Facebook, and Google Play Store, to distribute our games and collect revenues, and the risk that such platforms may adversely change their policies; our reliance on a limited number of games to generate the majority of our revenue; our reliance on a small percentage of total users to generate a majority of our revenue; our free-to-play business model, and the value of virtual items sold in our games, is highly dependent on how we manage the game revenues and pricing models; our inability to complete acquisitions and integrate any acquired businesses successfully could limit our growth or disrupt our plans and operations; our inability to enhance the monetization and game operations in our investments; we may be unable to successfully develop new games; our ability to compete in a highly competitive industry with low barriers to entry; we have significant indebtedness and are subject to the obligations and restrictive covenants under our debt instruments; legal or regulatory restrictions or proceedings could adversely impact our business and limit the growth of our operations; risks related to our international operations and ownership, including our significant operations in Israel, Ukraine and Belarus and the fact that our controlling stockholder is a Chinese-owned company; the closing conditions in the agreement are not met or our inability to complete the investment for any reason; security breaches or other disruptions could compromise our information or our players information and expose us to liability; and our inability to protect our intellectual property and proprietary information could adversely impact our business.Additional factors that may cause future events and actual results, financial or otherwise, to differ, potentially materially, from those discussed in or implied by the forward-looking statements include the risks and uncertainties discussed in our filings with the Securities and Exchange Commission. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur, and reported results should not be considered as an indication of future performance.