13th May 2015 12:25
LONDON (Alliance News) - Playtech PLC has signed a deal to acquire currency trading platform AvaTrade, Reuters reported Wednesday, citing a source with knowledge of the deal.
The acquisition exercises an option held a month ago when Playtech, which provides gaming software and which has made a recent foray into the financial trading sector, acquired online trader Markets.com.
Calcalist, the Israeli financial newspaper, had reported on Monday that Sagi was in advanced talks to buy AvaTrade for USD100 million.
http://uk.reuters.com/article/2015/05/13/playtech-ma-forex-idUKL5N0Y43VB20150513
By Sam Unsted; [email protected]; @SamUAtAlliance
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