Tag: acquisition

Acquisition
July 04, 2022 BY Steffy Bogdanova

CoinShares announces acquisition of Napoleon Asset Management

Additionally, the AIFM licence carries a passporting regime which allows CoinShares to provide and market services and products throughout the European Union. The deal will also boost the company’s offering by leveraging active investment strategies based on algorithmic trading and artificial intelligence for digital assets built by Napoleon Asset Management quants teams. Jean-Marie Mognetti, Chief…

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Playtech finalto
July 01, 2022 BY Steffy Bogdanova

Playtech confirms Finalto sale will close by mid-July

The company added: All regulatory approvals have been received and the completion statement will be finalised in accordance with the Sale and Purchase Agreement. Gopher has agreed to acquire Finalto in an all-cash offer of $250 million. Playtech’s shareholders voted to approve the transaction in December after they rejected another acquisition proposal by a Barinboim…

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Robinhood
June 28, 2022 BY Steffy Bogdanova

FTX exploring acquisition of Robinhood Markets

Bankman-Fried recently bought a 7.6% stake in Robinhood through his company Emergent Fidelity Technologies. Robinhood Markets is controlled by its co-founders, Chief Executive Officer Vlad Tenev and Chief Creative Officer Baiju Bhatt, who hold more than 50% of the voting power. Robinhood Markets’s commission-free model disrupted the retail stock trading industry. The brokerage gained a…

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Playtech
June 17, 2022 BY Steffy Bogdanova

Playtech gives TTB more time to confirm acquisition offer

TTB Partners can now confirm its intensions to acquire Playtech by 15 July, 5pm. However, the deadline can be further extended if the Panel deems it necessary. TTB Partners initially approached Playtech on behalf of an investor group with a possible acquisition offer in February. The move followed Playtech shareholder vote rejecting the $3.7 billion…

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June 15, 2022 BY Steffy Bogdanova

Marex in talks with OTCex Group to buy voice brokerage activities

The potential acquisition offers a number of options for both parties to collaborate. Access to Marex’s global infrastructure and balance sheet will be beneficial to OTCex. And the addition of OTCex will strengthen Marex’s capabilities in Equities and Fixed Income. According to the official press release, the final agreement is expected after consultation with the…

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Euronext
June 14, 2022 BY Steffy Bogdanova

Euronext acquires technology businesses from Nexi’s capital markets activities

For over 30 years Nexi has been a partner of MTS and Euronext Securities Milan, powering their technology. Following the completion of the deal, Nexi will continue to provide technology services to Euronext under transitional arrangements and other services under related commercial agreements. Renato Martini, Digital Banking & Corporate Solutions Director at Nexi, said: This…

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June 09, 2022 BY Steffy Bogdanova

Nomura’s Instinet announces plans to acquire FIS Execution Services

Ralston Roberts, Global CEO of Instinet, commented: We’re very excited to bring FIS Execution Services into Instinet’s legendary agency business. There is tremendous alignment between our mission and theirs - we both are intensely focused on our clients’ execution performance quality. And we both use quantitative research and advanced technology to drive efficiencies and lower…

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Acquisition
June 02, 2022 BY Steffy Bogdanova

Cboe Global Markets finalises acquisition of Canadian Stock Exchange NEO

Ed Tilly, Chairman and CEO of Cboe Global Markets, commented: With NEO, we are creating another connection across borders through our network of trusted markets, enabling Canadian clients to pursue global growth opportunities through innovation, enhanced technology and access to new ways of trading and listing. Our global strategy is focused on developing a seamless…

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