Playstudios to purchase shares owned by microsoft

Las vegas--(business wire)--playstudios, inc. (nasdaq: myps) (“playstudios” or the “company”), the creator of the playawards loyalty platform and an award-winning developer of free-to-play mobile and social games that offer real-world rewards to players, today announced the company has entered into an agreement to purchase the 11,677,398 shares of the company's class a common stock held by microsoft corporation. shares will be purchased at a price of $2.11 per share and funded with available ca.
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