Playstudios will go public via SPAC at $1.1 billion valuation

Beyond the app store: Why mobile games need a multi-platform strategy

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Playstudios will be the next social casino game company to go public. In this deal, the company will raise money via a special purpose acquisition company (SPAC) in the second quarter.

The maker of the MyVegas slots and blackjack social casino games has struck a deal with Acies Acquisition Corp., a SPAC on Nasdaq that has former MGM Resorts International CEO Jim Murren as its chairman. The deal is one of many in the game industry where competitors are taking advantage of the popularity of games during the pandemic to raise more money or acquire companies.

SPACs have become a popular way for fast-moving companies to go public without all the hassle