Goldman Sachs purchased a 12.5 % stake in Betfair’s stock exchange
(UK).- Goldman Sachs acquired a 12.5 % stake in Betfair’s stock exchange. The exchange, called LMAX (London Multi-Asset Exchange), has been approved by the Financial Services Authority. IG Group Holdings requested PricewaterhouseCoopers to search for a buyer for its sports-betting arm Extrabet.
MAX is an independent part of the Betfair Group, an acknowledged and award winning technology leader. Building on the success of Betfair, the world’s largest retail exchange, the company is creating a next generation financial trading platform.