Playtika Holding Corp. (NasdaqGS:PLTK) entered into a definitive acquisition agreement to acquire acquire Reworks Oy for $600 million on August 31, 2021. Under the terms of the transaction, Playtika Holding has acquired 80% stake in Reworks for $400 million and agreed to purchase the remaining 20% of Reworks for up to $200 million, conditional upon 2022 Company EBITDA. In the event the agreed upon 2022 Company EBITDA target is not exceeded, the outstanding 20% will transfer to Playtika for $1. This acquisition is expected to contribute approximately $30 million in revenue to Playtika’s 2021 revenue.