PLAYSTUDIOS, Inc (MYPS) to Purchase Shares Owned by Microsoft

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Go back to PLAYSTUDIOS, Inc (MYPS) to Purchase Shares Owned by Microsoft

PLAYSTUDIOS to Purchase Shares Owned by Microsoft

June 11, 2024 4:51 PM EDT

LAS VEGAS--(BUSINESS WIRE)-- PLAYSTUDIOS, Inc. (Nasdaq: MYPS) (PLAYSTUDIOS or the Company), the creator of the playAWARDS loyalty platform and an award-winning developer of free-to-play mobile and social games that offer real-world rewards to players, today announced the company has entered into an agreement to purchase the 11,677,398 shares of the Companys Class A common stock held by Microsoft Corporation.

Shares will be purchased at a price of $2.11 per share and funded with available cash. Total... More