Playtech Founder Teddy Sagi Cuts Stake to Less Than 5%

Israeli billionaire Teddy Sagi has sold off a minor chunk of his holdings in gambling software company Playtech (LSE: PTEC). Through a placement by Brickington Trading, Sagi has sold nearly five million ordin...

Teddy Sagi Plans to Sell $400m Worth of Playtech Shares

Israeli billionaire Teddy Sagi continues to divest his holdings away from online gaming and trading. The holding company which the founder of Playtech uses to control his holdings, Brickington Trading, is pla...

Teddy Sagi Sells 12% of Playtech Shares, Cashes in £330m

Israeli billionaire Teddy Sagi has sold 12 percent of Playtech’s float at a secondary placement for 850 pence per share. The number of shares sold surpassed the initially announced 10% of the company’s float....

Teddy Sagi to Offload 10% of Playtech Shares

The biggest shareholder and founder of Playtech, Teddy Sagi is selling a big block of his holdings in the company, the firm announced in a filing with the London Stock Exchange. This announcement of the acqui...

Playtech Buys Forex Broker AvaTrade for $105 Million

It appears that early May reports by FortuneZ about Playtech buying AvaTrade have had substantial merit. The deal is now closed, valuing the forex and CFDs brokerage at $105 million. The news comes after the ...

IronFX Holds Advanced Merger Talks with Teddy Sagi

Teddy Sagi’s foray into the retail forex market seems to be heating up. FortuneZ has learned from several independent sources that the Israeli entrepreneur’s group is negotiating for the business of IronFX,...

Teddy Sagi’s Playtech Eyes Buying Forex Broker AvaTrade

Billionaire businessman Teddy Sagi’s Playtech is considering acquiring the business of AvaTrade, a global forex broker. According to a source close to the matter, negotiations have started and are currently a...