Login/Register
Red Tiger
Red Tiger
Pariplay
BigTimeGaming

Playtech terminates Plus500 acquisition; Ava Trade deal also in doubt

23rd November 2015 8:25 am GMT
Playtech

In a significant blow to the company’s plans to enlarge its financial trading business, Playtech confirmed Monday that it will not proceed with its proposed £459.6m acquisition of London-listed spread betting and CFD provider Plus500, while also warning that its deal to acquire Ava Trade may also fall through.

Despite receiving regulatory approval to acquire Plus500 from the Cyprus Securities Exchange Commission, Playtech had been in active dialogue with the UK’s Financial Conduct Authority (FCA) in relation [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Skywind
EveryMatrix
Greentube
Pragmatic Play
Hot 50
Playtech
BigTimeGaming