China’s Giant leads consortium to buy Playtika for $4.4 billion

Niantic Labs’ John Hanke will be delivering a fireside chat for AR/VR day (augmented reality/virtual reality) at GamesBeat 2016. Get a ticket here!A consortium of Chinese companies led by Giant has agreed to pay $4.4 billion for Playtika, the social casino game company in Herzliya, Israel, that was owned by Caesars Interactive Entertainment.
Caesars, which previously thought the virtual goods social casino game company was a good property to go with its real-money gambling properties, anno