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AvaTrade ownership transfer planned at $500M valuation

Zvika Barinboim attempted to acquire B2B provider Finalto and CFDs broker Markets.com from gaming tech company Playtech in 2021.

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’s delay of its shareholder vote came about after a late competing bid emerged for Finalto from Gopher Investments.

Playtech wants to “further consider recent developments” including the competing $250 million offer for Finalto by TT Bond Partners.