Acies Acquisition Corp. (ACAC) to Combine with PLAYSTUDIOS in $1.1Bn Deal

Acies Acquisition Corp. (ACAC) to Combine with PLAYSTUDIOS in $1.1Bn Deal

Acies Acqsuition Corp. (NASDAQ:ACAC) has entered a definitive agreement to combine with game developer PLAYSTUDIOS for an implied enterprise value of $1.1 billion, a 2.5x multiple of its 2022E revenue or 12.3x adjusted 2022E EBITDA. Las Vegas-based PLAYSTUDIOS develops casual free-to-play games that grant players real world benefits at client businesses in retail, travel and
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