Latest News

(globes.co.il): Aristocrat buys Israeli social gaming company Plarium for $500m

Published

7 years ago

August 10, 2017

Reading Time: 2 minutes

Australian company Aristocrat said that Herzliya based Plarium is an ideal partner in its quest to be a global leader in social gaming.

Australian company Aristocrat Leisure Ltd. (ALL.AX) announced that it has acquired Israeli social gaming developer Plarium Global Limited for $500 million cash.

Headquartered in Herzliya, Plarium has over 1,200 employees worldwide and offices in Europe and the US. The Israeli company, founded in 2009, has nine key titles that are currently monetizing and a strong game pipeline. Plarium’s most popular game to date, Vikings: War of Clans, has repeatedly ranked in the top 10 grossing strategy games since its launch.

Plarium CEO and cofounder Avraham Shalel will continue to lead Plarium after the acquisition. Shalel and 12 other key members of Plarium’s management team have agreed to stay at the company and to defer part of the payments due them until 2020.

Shalel said, “I am very proud of the success we have achieved since establishing the business in 2009. The hard work and efforts of Plarium’s employees have positioned Plarium as a world class mobile game publisher. Aristocrat is an ideal partner for us given our common aspiration to be a global leader in social gaming, which will be accelerated through leveraging Aristocrat’s financial, strategic and operational resources.”

Aristocrat CEO and managing director Trevor Croker said, “The acquisition of Plarium allows Aristocrat to expand our addressable market into logical adjacent segments in the fast growing mobile social gaming market. This immediately expands our addressable market from US$3.2 billion in the Social Casino segment, to US$25.4 billion when including the Strategy, Casual and RPG segments. It also provides us a stronger platform to target the US$43.6 billion overall mobile and web games market as growth segments.”

The deal is due to be completed by December 2017.

Deutsche Bank is acting as financial advisor to Plarium and Goldfarb Seligman are legal advisors to Plarium. Citi is acting as the sole financial adviser to Aristocrat, and Allens and Herzog Fox & Neeman are its legal advisors.

Source: Published by Globes [online], Israel business news

Related Topics:

Up Next

Twelve40 platform behind AfroMillionsLotto, Africa’s BIGGEST lotto jackpot!

Don't Miss

Calvin Ayre appointed Special Economic Envoy for Government of Antigua and Barbuda

Zoltan Tundik

Zoltán is a self-taught publisher and events organizer who has developed several brands and services that have increased the notoriety of his company within multi-billion dollar industries. In 2018, he has become a TEDx speaker and talked about reputation management in the digital era. As Co-Founder of HIPTHER Agency, Zoltan has helped develop highly respected online news portals, virtual and in-person conferences that cater to multiple industries on 5 continents. Among the developed brands and services you can find online news portals that cover several tech industries, gaming, blockchain, fintech, artificial intelligence, and more. In parallel, the company has built a portfolio of annually organized boutique-style conferences in Europe and North America. All the events organized by his company focus on bringing a wealth of information about the latest innovation in several industries such as Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports and many more. Zoltan enjoys writing articles on all portals owned by the HIPTHER Agency, talking at conferences, hosting the weekly HIPTHER Talks Podcast, and loves spending time with his family. Zoltan is a duathlete who enjoys training for different international competitions which include running and cycling.