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Israeli gaming firm snapped up by Chinese buyers for £3bn

August 2, 2016 13:29
(Photo: Playtika)

By

Josh Jackman,

Josh Jackman

1 min read

An Israeli gaming company has been sold for more than £3 billion to a Chinese consortium.

Playtika, whose mobile casino games including World Series of Poker and Slotomania have attracted tens of millions of downloads, secured the third-largest amount ever for an Israeli business.

The all-cash transaction will allow the company - which has 1,300 employees in offices across five continents - to continue running operations at its Herzliya headquarters.

The consortium includes a private equity firm created by Jack Ma, the second richest person in China, who founded online marketplace Alibaba.

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