Plus500, currently amidst a £459.6 million acquisition deal with Playtech, has moved forward with its marketing plan having extended its football shirt sponsorship association with Atletico Madrid for another 2 years.
Playtech's Plus500 deal is threatened by London-based hedge fund Odey Asset Management, a substantial shareholder in the company.
Odey says that Playtech is offer half of the £862 million value of Plus500 prior to its regulatory issues related to anti-money laundering checks that surfaced in May.
Playtech purchased an additional 10.75 million shares in Plus500 equating to 9.36 percent of the company.
Playtech is working toward obtaining 5 percent or more of additional support from the remaining shareholders.
Odey referred to the deal as “...an opportunistic bid exploiting current regulatory issues and risks."
Shumar4life
8 years ago
I think that this kind of action could end up with some unsatisfied sides, like that was with Microsoft and Nokia. I am hoping that this is some othe kind of situation, and I believe that we could see good cooperation with this two parts of one company, because good management is everything in business
Please enter your comment.
Your comment is added.
Alexa Alexa 8 years ago
Company that can find its name on the shirts of Atletico Madrid is very powerful,there is no doubt about that. Playtech is very good at its business but they wont finish this deal with easiness. Plus500 is hard to buy and they will surely be happy after selling the platform to the playtech.
Please enter your comment.
Your comment is added.
sharpe
8 years ago
This deal was a long story but seems like in the end it will be a successful one for Playtech's. This acquisition will be for the good of Plus500 company and as far as I know there are no other serious buyers interested in the trading platform so it's very probable this deal to go trough.
Please enter your comment.
Your comment is added.