UPDATE 1-Playtech to buy trading platform TradeFX for $224 mln

April 2, 2015 7:33 AM

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April 2 (Reuters) - Gambling technology company Playtech Plc said it would buy a majority stake in TradeFX Ltd for 208 million euros ($224.4 million) in cash to enter the trading platform and payment services market.

Playtech will buy a 91.1 percent fully-diluted stake in TradeFX with an earn out payment of up to 250 million euros based on future performance.

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