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PYTCY Playtech PLC (PK)

11.00
0.00 (0.00%)
02 Jul 2024 - Closed
Delayed by 15 minutes
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

Playtech Buys TradeFX

02/04/2015 8:10am

Dow Jones News


Playtech (PK) (USOTC:PYTCY)
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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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