Tag: Finalto

Playtech finalto
September 30, 2021 BY Steffy Bogdanova

Gopher to acquire Finalto for $250 million from Playtech

According to the official announcement, net cash available to Playtech at completing the sale will increase by approximately $242 million. This amount is in addition to the €40 million excess cash which was extracted during the first half of 2021. Teresa Teague, Partner at TT Bond Partners, commented: Gopher has been impressed by the strength…

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Playtech finalto
August 19, 2021 BY Steffy Bogdanova

Playtech shareholders reject Finalto sale to the Consortium led by the Barinboim Group

Gopher Investments made a $250 million offer to acquire Playtech’s financial business. In early July, the Hong Kong-based 4.67% stakeholder of Playtech, urged the shareholders to adjourn their meeting or reject the offer by the Consortium. With the Consortium’s approval, Playtech made efforts to find out Gopher’s source of funds and understand the company’s structure.…

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Finalto relaunches its tech offering Finalto 360
August 16, 2021 BY Steffy Bogdanova

Playtech’s Finalto relaunches its tech offering Finalto 360

Oksana Remez, Senior Business Development Executive, said: We have seen a big interest in our proprietary trading platform that offers single access point for trading all instruments as well as these immense capabilities to add many 3rd party trading tools, news, education, TV channels etc. The standalone trading solution Finalto Trade was split into a…

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Playtech finalto
August 03, 2021 BY Steffy Bogdanova

The battle for Finalto continues: Playtech confirms recommendation, Gopher responds

The Playtech added: Shareholders should ask why Gopher continues to hide and should also be suspicious of Gopher’s credibility, particularly given that disclosure is crucial when buying a highly regulated business. Furthermore, the firm associated with Gopher, TT Bond Partners, is a small boutique brokerage that raises money from Chinese investors. Gopher’s behaviour has not…

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Playtech finalto
July 09, 2021 BY Steffy Bogdanova

Playtech postpones shareholder vote on Finalto’s sale

In May Playtech and the consortium signed a binding deal for the sale of Finalto for $210 million after a lengthy and complicated approval process. Playtech said in its latest statement: Playtech and the Consortium are bound by the restrictions agreed as part of the SPA, which includes not engaging in negotiations with any third…

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Forex Weekly Look Back
July 09, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: Finalto caught in a press release fight over acquisition, PrimeXM opens Singapore data centre

Macrobond, provider of global economic, aggregate financial and sector data for finance professionals, revealed that Stockholm-based Erik Penser Bank is using Macrobond to deliver critical data and modelling tools to interpret market events. Erik Penser Bank’s asset managers mine financial, corporate, sustainability and macroeconomic data to help from their allocation strategies and tailor solutions for…

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Playtech finalto
July 08, 2021 BY Steffy Bogdanova

Gopher Investments reaffirms its offer for Finalto

The statement said: Gopher is an investment vehicle backed by investors with experience in gaming and financials, and is an affiliate of TT Bond Partners (TTB). TTB, through its Hong Kong regulated entity, TTB Partners Limited, which is advising Gopher on this transaction, is an investment and advisory firm based in Hong Kong, whose founders…

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Playtech finalto
July 05, 2021 BY Steffy Bogdanova

Gopher Investments offers to buy Playtech’s Finalto for $250 million

The announcement further explained that Gopher Investments’ proposed valuation represents a 47% premium to the consortium and a 35% premium to the guaranteed consideration of that offer. According to the official announcement, Gopher Investments urged Playtech’s shareholders to vote against the Consortium’s offer. Gopher added that “Finalto’s attractive growth prospects are not fairly reflected in…

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