The season for the acquisitions and mergers is back. Playtech has led the way with their Plus500 buyout.
Playtech has come to an agreement to pay £460 million which is about $700 million to acquire Plus500. This will provide the necessary relief to the retail forex trading store which is barely maintaining their compliance with the money laundering rules. With the current acquisition, Playtech stands to benefit from this new acquisition from the turmoil Plus500 are going through which has seen multiple accounts to be suspended and this caused a 36% fall in their stock value. This is a huge risk which might seem silly for now.
