Published On: Wed, Mar 15th, 2017

Playtech Founder Teddy Sagi Sells Shares for $139 Million

Teddy Sagi 5751)

 

Billionaire Teddy Sagi has completed a fourth offer for sale, in which he sold £113 million ($139 million) shares at £8.725 per share in Playtech Ltd., the company he founded.

Brickington Trading, part of a trust whose ultimate beneficiary is Teddy Sagi, announced the sale in the world’s largest provider of software platforms for gaming websites, that were supposed to be held in lock-up until the end of May.

Currently Teddy Sagi holds 17.8% stake value of $619 million in Playtech. Playtech’s current market cap is $3.5 billion, triple its value in its IPO 11 years ago.

According to “Globes” since Playtech’s March 2006 IPO, Sagi has sold shares for $1.4 billion. Or,  just over $2 billion including dividends, and after subtracting small numbers of shares purchased when the share price was low.

 

Sagi controls the Camden Market in London via Market Tech; Online payment platform provider Safe Charge; and Crossrider, which specializes in distributing apps and digital products.Teddy Sagi own the Holborn Links site in central London.

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