Playtech gets competing $250 million offer for Finalto/

This is now getting interesting.

A firm calling itself Gopher Investments has made a $250 million competing offer to buy the Financials division of Playtech plc (LON:PTEC), consisting of the Finalto institutional B2B business and Retail FX broker

FNG had exclusively reported back in January that Playtech had come to an agreement to sell Finalto/ to an Israeli investment group led by Zvika Barenboim with backing from financial institutions Leumi Partners Limited and Menora Mivtachim Insurance. That deal was formally unveiled in late May, with the price being reduced from $200 million to just $101 million for Finalto. (Playtech is calling it a $210 million sale, but it agreed to kick in $109 million in cash with Finalto as part of the deal.)

Jonathan Bond

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