Tag: TradeTech

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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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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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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Playtech finalto
May 26, 2021 BY Steffy Bogdanova

Playtech to sell its financial division Finalto for $210 million

In the official, announcement, Playtech shared its intentions to focus on its “technology-led offering as a pure play business in the B2B and B2C gambling markets” and unlock significant capital through the transaction. Weizer added: Looking forwards, Playtech will focus on its technology led offering in B2B and B2C gambling, driven by our online expertise…

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Michael Bleys becomes VP Institutional Sales of Finalto
February 01, 2021 BY Steffy Bogdanova

Michael Bleys appointed as VP Institutional Sales of Finalto

Prime brokerage CFH today announced rebranding to Finalto. The company stated that the rebranding reflects the firm’s first step toward full integration and assimilation of the different companies that make up the group. Playtech responded to rumors last week and confirmed that it was discussing the sale of Finalto with a management consortium of Israeli…

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CFH goes under the Finalto banner
February 01, 2021 BY Steffy Bogdanova

Prime brokerage CFH rebrands to Finalto

For example, the group offers, liquidity and STP processing from Tier 1 banks, ECNs and non-bank liquidity pools to give brokers the flexibility they need for their trading customers. It also has 360 tech trading solution for brokers that to help them manage every aspect of a trading platform and customer relationships. Finalto’s multi-asset trading…

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