Caesars Acquisition Company (CAC) announced in a press release over the weekend that a group of Chinese investors agreed to acquire Playtika, a world-leading social gaming platform, from Caesars Interactive Entertainment, Inc. (CIE) for $4.4 billion in an all-cash deal.
According to the press release on PR Newswire, the Chinese consortium is led by Giant Investment (HK) Limited, an affiliate of one of China's biggest online game companies Shanghai Giant Network Technology Co., Ltd. Other big-name partners also part of the consortium include Yunfeng Capital, a private equity firm created by Alibaba Group Holding Ltd.