Playtika (PLTK) said Wednesday it has agreed to acquire Tel Aviv-based mobile gaming company SuperPlay for $700 million, with the potential for an additional $1.25 billion contingent on meeting specific financial targets over the next three years.

The deal is expected to close in Q4, pending customary closing conditions and regulatory approvals, the company said.

Playtika also said it will update its fiscal year guidance during its Q3 earnings report.

Shares of Playtika were up over 1% in after-hours activity.

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