Item 7.01. Regulation FD Disclosure.
As previously disclosed, on June 14, 2021, Yuzhu Shi and certain of his
affiliates (collectively, the "Shi Affiliates"), who collectively control,
directly or indirectly, shares of common stock representing 60.2 % of the total
voting power of Playtika Holding Corporation ("Playtika") announced the entry
into an agreement (the "Agreement"), pursuant to which, if consummated, one of
Yuzhu Shi's affiliates, Giant Network Group Co. Ltd. ("Giant"), a publicly
traded company on the Shenzhen Stock Exchange (the "SSE"), would be transferred
beneficial ownership of certain shares of Playtika common stock currently owned
by Mr. Shi and his affiliates, the result of which would be that Giant would
control the voting power of the shares of Playtika common stock representing
60.2% of the shares of common stock of Playtika currently controlled by the Shi
Affiliates (the "Reorganization"). The Reorganization would permit Giant to
consolidate Playtika for Giant's financial statements.
On July 12, 2021, the Shi Affiliates and Giant announced the termination of the
Agreement prior to consummating the Reorganization. As a result of the
termination, the regulatory requirements pursuant to the SSE and Giant's
organizational documents described in the Current Report on Form 8-K filed by
Playtika on June 14, 2021 are no longer applicable to Playtika's operations.
For information regarding the risks related to our controlling stockholders,
refer to the section entitled "Risk Factors" in Playtika's Annual Report on Form
10-K.
The foregoing information in this Item 7.01 shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and
is not incorporated by reference into any of Playtika's filings, whether made
before or after the date hereof, regardless of any general incorporation
language in any such filing.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses