Search Results for: Teddy Sagi
Teddy Sagi sold block of shares in Playtech for £337 million
June 29th, 2017
Teddy Sagi continues to sell shares in gambling software company Playtech plc. Through a placement by Brickington Trading Limited, Sagi has sold 36.5 million ordinary shares, representing approximately 11.5% of the issued share capital of the company at a ...
Teddy Sagi delisting Market Tech from LSE
April 25th, 2017
Sagi’s privately held LabTech Investments has made an offer at a 30% premium to buy the 29% of Market Tech it does not already own. Teddy Sagi is delisting Market Tech Holdings Ltd. from the London Stock Exchange, with ...
Playtech’s founder Teddy Sagi is selling part of his Playtech holdings
November 30th, 2016
Playtech plc (“Playtech,” or the “Company”) announced that it has been advised that Brickington Trading Limited (“Brickington”) is proposing to sell approximately 32.3 million ordinary shares in the Company (the “Placing Shares”) via an accelerated bookbuild through UBS Limited ...
Teddy Sagi’s Xwise, a subsidiary of Playtech Cyprus Ltd is laying off 140-150 of its 200 employees
May 19th, 2016
Xwise provides supplementary services to customers who have purchased software from online gambling services firm Playtech, its parent company. Xwise, a subsidiary of Playtech Cyprus Ltd. (LSE:PTEC), whose largest shareholder is Israeli billionaire Teddy Sagi, is laying off 140-150 ...
Irish regulator nixes Teddy Sagi’s AvaTrade acquisition
December 14th, 2015
Playtech’s dream of becoming a major player in the online foreign exchange trading market has been left in ruins. Online gambling software provider Playtech Cyprus Ltd. (LSE:PTEC), controlled by Israeli billionaire Teddy Sagi, has dropped its bid to buy Israeli ...
Brickington has agreed to sell 13.0 million Playtech shares
March 15th, 2017
Playtech plc (“Playtech”) announces it has been notified by Brickington Trading Limited (“Brickington”) that following a direct and unsolicited inbound enquiry to Brickington by Boussard & Gavaudan Investment Management LLP (“Boussard & Gavaudan”), Brickington has agreed to sell 13.0 ...
Playtech eyes $427m OpenBet acquisition
February 3rd, 2016
Teddy Sagi’s gambling platform technology company is among the suitors for gambling software company OpenBet. Online gambling platform technology company Playtech plc (LSE:PTEC), controlled by Teddy Sagi, is vying with bookmakers William Hill and Paddy Power for the purchase ...
Playtech Pays £460 Million for U.K. Trading Platform Plus500
June 2nd, 2015
Plus500 Ltd. agreed to a $703 million bid from Playtech Plc, two weeks after the trading platform froze customer accounts, its stock plunged and short-sellers began circling. Playtech reserved the right to walk away if needed. Playtech, an online ...
Playtech seals deal for online trading platform AvaTrade
May 14th, 2015
Israeli billionaire Teddy Sagi’s Playtech, a provider of online gaming and sports-betting software, has bought currency trading platform AvaTrade, a source with knowledge of the deal said on Wednesday. The purchase exercises an option held a month ago when ...
Playtech forays into FX trading market with $224 million buy
April 2nd, 2015
Gambling technology company Playtech (PTEC.L) is set to enter the forex trading market after agreeing a deal to buy a majority stake in TradeFX for 208 million euros ($224 million). Playtech provides software used in sports betting and online ...
