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Name | Symbol | Market | Type |
---|---|---|---|
Playtech PLC (PK) | USOTC:PYTCY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.00 | 10.48 | 13.95 | 0.00 | 21:00:10 |
LONDON-- Online gambling technology group Playtech PLC (PTEC.LN) Thursday announced a move into financial derivatives trading with the acquisition of trading platform provider TradeFX Ltd for 208 million euros ($227.7 million) in cash plus a possible EUR250 million depending on future performance.
The acquisition, which is of a 91.1% stake, "provides entry into a highly complementary new market vertical where our combined operational superiority will enable exciting growth opportunities," said Playtech Chief Executive Mor Weizer.
Playtech will still have "significant resources to continue to pursue further acquisition opportunities" after the purchase, he added.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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