Finalto sale vote set for December 1 at Playtech
Playtech has set a shareholder vote for Wednesday, December 1 to approve the planned $250 million sale of Finalto.
Playtech has set a shareholder vote for Wednesday, December 1 to approve the planned $250 million sale of Finalto.
Oren Danziger had been with Playtech unit Finalto for nine years, most recently as Responsible Manager for TradeTech Australia.
The new offer or Finalto from Gopher ends up being more than $30 million above the original sale price to Zvika Barinboim.
Stanislav Bunimovich joined CFH/Finalto in 2013 and was named Head of Client Services for the company in 2019.
Playtech said in its latest release that discussions with Gopher remain ongoing about a sale of Finalto.
Finalto’s new offering is designed to slot seamlessly into the client’s existing infrastructure, without NDFs’ common headaches.
The Barinboim group believes that Gopher Investments’ interest in Finalto will be unveiled as “not genuine”.
The restrictions on Playtech from engaging with the other bidder for Finalto – Gopher Investments – are no longer in place.
Playtech continues to recommend the lower Barinboim offer, as the Gopher bid is “uncertain in terms of its deliverability”.
Playtech may have received interest in Finalto from other potential acquiring parties since the date of the adjournment.