In today's ExchangeWire daily news digest: Skillz to acquire Aarki; Etsy purchases Depop for USD$1.625bn (£1.148bn); and Accenture Interactive expands to
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Skillz Soars on $150 Million Acquisition of Marketing Platform Aarki
Skillz says acquiring Aarki will broaden its footprint across the mobile gaming industry.
Author:
Skillz (
SKLZ) - Get Report was skyrocketing Wednesday after the mobile gaming company said it agreed to acquire the marketing platform Aarki for about $150 million in cash and stock.
Shares of the San Francisco company were climbing 22.7% to $20.86 in trading Wednesday.
Skillz said in a statement that the transaction was expected to close in the third quarter.
The acquisition will broaden Skillz’s footprint across the mobile gaming industry by combining its competitive platform with Aarki’s advertising capabilities, the company said.