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UK's Playtech Buys Online Trading Platform AvaTrade

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 Wednesday. The purchase exercises an option held a month ago when UK-based Playtech sealed the purchase of another online trader, markets.com, and is the latest in a series of acquisitions made by Sagi. Israeli website financemagnates.com also reported Tuesday that Sagi had been in Cyprus several...

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