Acies Acquisition announced that its ’ shareholders voted to approve the proposed merger with mobile gaming company PLAYSTUDIOS. Approximately 97% of the votes cast at the special meeting voted to adopt the merger agreement, the SPAC said in a statement.
The deal values the merged entity at $1.1 billion.
Terms call for PLAYSTUDIOS to receive at least 89.1 million shares of Acies common stock and up to $150 million in cash. In addition, funds and accounts managed by BlackRock, ClearBridge Investments, Neuberger Berman Funds, and MGM Resorts International are leading participants in a $250 million PIPE.
PLAYSTUDIOS is an award-winning developer of free-to-play casual games for mobile and social platforms that offer rewards to players from a portfolio of global entertainment, retail, technology, travel, leisure, and gaming brands across 17 countries and four continents. Read more.
