Following an equity move, PLAYSTUDIOS, Inc. (NASDAQ: MYPS) witnessed an upward trend in its shares during the previous session, concluding at $2.29, marking a 3.62% increase.
Repurchase Details
PLAYSTUDIOS (MYPS) announced that it had acquired 11,677,398 shares of Microsoft Corporation’s Class A common stock. The deal was completed for $2.11 per share and was funded by existing funds. The entire amount that was spent came to $24.6 million. With this repurchase, PLAYSTUDIOS’s outstanding common stock is reduced by about 8.6%.
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PLAYSTUDIOS has continuously shown that it is dedicated to increasing capital returns and shareholder value since becoming public. This dedication is demonstrated by the acquisition of Microsoft-held shares, which enabled PLAYSTUDIOS to effectively purchase 8.6% of its outstanding common stock at a discount to going prices in the market.
Tetris Celebrates 40 Years With PLAYSTUDIOS
Additionally, in celebration of World Tetris Day this month, PLAYSTUDIOS unveiled the immediate release of Tetris Block Puzzle along with a comprehensive update to Tetris mobile. These releases commemorate the iconic brand’s 40th anniversary, introducing exciting enhancements to the classic puzzle game.
Innovative Offerings
Since securing exclusive global rights in 2021 for the development and publication of Tetris titles on mobile platforms, PLAYSTUDIOS has consistently innovated the classic puzzle game by introducing novel gameplay elements and enriching player incentives.
The latest releases, Tetris Block Puzzle and the enhanced Tetris mobile, provide global players with instant access to innovative content and ongoing opportunities to earn rewards in various categories such as travel, entertainment, and leisure. These releases serve as focal points for the year-long celebration campaign marking Tetris’ 40th anniversary, commencing today.
Tailored Gaming Experience
PLAYSTUDIOS crafted Tetris Block Puzzle to cater to a broad spectrum of casual mobile gamers. It debuts with two engaging modes: Adventure Mode, offering level-based progression and a blend of game mechanics including gems, targets, boosters, and collectibles; and High-Score Mode, challenging players to surpass their previous best scores by continuously clearing lines until they exhaust their moves.
