Barinboim Group, Leumi Partners and Menora Mivtachim Insurance and TTB Partners are bidding to acquire Finalto from Playtech for up to $250m.

Barinboim Group, Leumi Partners and Menora Mivtachim Insurance and TTB Partners are bidding to acquire Finalto, a specialist in B2C and B2B multi-channel trading software and services, from Playtech, a supplier of online gaming software, for up to $250m. "Playtech has a stated strategy to simplify the Group and today’s announcement is the conclusion of a two year process in which Playtech has explored all routes to maximise value and certainty for shareholders from Finalto. The sale also offers a good outcome for all stakeholders in the Finalto Business, providing certainty for colleagues, customers and trading counterparties. The Consortium has a deep understanding of the Finalto Business and the markets in which it operates and we wish our colleagues every future success," Mor Weizer, Playtech CEO.