(Reuters) - Mobile games developer Playtika ( PLTK ) 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 ( PLTK ) 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 ( PLTK ) 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.