Playtech Abandons £460M Deal To Acquire Plus500

November 23, 2015 | FSTE-listed Playtech have given up on a £460 million takeover of Plus500, due to regulatory ‘concerns.’ Teddy Sagi, the Israeli founder of Playtech and now majority shareholder, was hoping to expand into financial trading with the acquisition, and is considering other acquisitions to do so. Founded in 2008 and led by CEO Gal Haber, Playtech listed on the AIM in London in 2013, but has encountered some difficulties after regulators criticized its anti-money laundering identity checks.