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Online gaming software company Playtech Ltd. has announced that it is purchasing TradeFX for close to $499 million, representing just over 91% of TradeFX’s worth. Playtech’s acquisition of TradeFX, which operates the site markets.com, will launch it into the foreign exchange world as TradeFX offers a trading platform for foreign currencies, binary options and deliverables. Playtech stated that with the acquisition of TradeFX, Playtech will be able to offer TradeFX’s services to its existing online gaming clients.
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