By Juveria Tabassum

(Reuters) – Mobile games developer Playtika said on Wednesday it would acquire peer SuperPlay in a deal that could go up to $1.95 billion, which would bring popular games such as Bingo Blitz and Dice Dreams under the same umbrella.

Playtika said it would offer $700 million up front for SuperPlay, with an additional contingent consideration of up to $1.25 billion subject to the latter meeting certain financial targets over the next three years.

Playtika expects to close the transaction in the fourth quarter, and added it will update its annual forecasts during its third-quarter earnings call.

Both companies are based in Israel.