Failure of the purchase of Plus500 by the parent company of TopOption

A few months ago, in May 2015, there was a lot of talk about it: Playtech, which is none other than the parent company of the famous online broker TopOption, planned to buy Plus500, a broker specialized in CFDs, thus offering itself an opportunity to expand its horizons. At first, the deal seemed to be off to a good start and Plus500’s acceptance of the transaction seemed clear. Nevertheless, the takeover bid did not succeed in the end…

Aborted merger between Playtech and Plus500

Playtech is a leading company specialized in the development of high-tech software. Listed on the London Stock Exchange, this company owns many online trading platforms, including Markets and TopOption, the latter being a broker renowned for its reliability. In any case, Playtech’s platforms are known for their high quality. Thanks to top customer support and an excellent training program, traders can speculate under the best conditions and improve.

Plus500 trading option

Plus500 is also an online broker, but focuses more on CFDs. Originally, Playtech had submitted a $700 million offer to buy the Plus500 platform. Everything seemed to be off to a good start and we were only waiting for the “project” to be finalised. But after a few months, nothing was finally signed. At the moment, the reasons for this failure are not clear. In any case, this situation had negative effects on both companies concerned.

Immediate effects and strategic decisions

As soon as the failure of the merger between Playtech and Plus500 became known, immediate effects were felt. Shares of both companies declined by more than 10%. It must be said that a merger of these entities would have been symbolic and Playtech would have consolidated its reputation. In any case, the day after this unsuccessful purchase, the company decided to abandon its OptionTime brand to focus on its other flagship platform, TopOption, which specializes in binary options.