Israel-based mobile casino game developer Playtika was acquired in 2011 by Caesars Interactive Entertainment’s unit Harrah, for $85 million. Now, Korean games company Netmarble Games is offering to buy Playtika for up to $4.3 billion, Korea Economic Daily reported on Wednesday.
According to the report, Netmarble, South Korea’s top mobile game company, which controlled by CJ Group, sent a letter of intent offering to buy Playtika for 4-5 trillion Korean won ($3.4-4.3 billion). The company also proposed raising three trillion won on the local stock market.
Caesars Interactive Entertainment Inc, is a subsidiary of casino giant Caesars Entertainment.