Playtech finalizes $101M sale of Finalto, Markets.com to Barenboim group
Buying Finalto is Zvika Barenboim’s Barenboim Group with backing from Leumi Partners Limited and Menora Mivtachim Insurance.
Buying Finalto is Zvika Barenboim’s Barenboim Group with backing from Leumi Partners Limited and Menora Mivtachim Insurance.
Finalto’s revenues of €87.3 million in H1 2020 declined by over 60% to €34.6 million in H2 2020.
Remuneration for Brian Mattingley as Chairman of Playtech has been set at £338,000 per annum.
The acquiring group is made up of Israeli entrepreneur Zvika Barenboim, Bank Leumi, and insurance concerns Menora and Phoenix.
Playtech continues to be in discussions regarding the possible sale of its financials division, Finalto, including the Markets.com brand.
TradeTech had what an “outstanding period” both before and during the months of the pandemic, with revenues increasing by 123%.
Michael Jordan has agreed to take an equity interest in DraftKings in exchange for providing guidance and strategic advice.
Why is Spain all up in arms about UK and Cyprus FX/CFD brokers, to the point where many might be banned? Why is Playtech selling Markets.com?
Playtech has apparently engaged investment bank UBS to help coordinate an auction of TradeTech, at a $200-250 million valuation.
Søren Bjerregaard, who headed sales for CFH Clearing for the last 11 years, will become digital asset exchange GCEX’s Sales Director.