Published On: Thu, May 7th, 2015

Sagi buys Israeli e-commerce co Stucco Media

Teddy Sagi's Market Tech will pay up to $34.5 million for the Tel Aviv based company.

Teddy Sagi

 

Israeli billionaire Teddy Sagi has acquired Israeli e-commerce platform Stucco Media for $34.5 million. Market Tech Holdings Ltd. (AIM: MKT) will make an initial payment of $12.8 million cash and $13 million shares with further milestone payments of up to $8.5 million.

Market Tech owns and manages London’s famous Camden Market, and this latest acquisition is part of his proven successful strategy of buying Israeli technology to make market trading more technology oriented and more user friendly… [READ MORE]

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