Following up on the news earlier in the day that Betfair was selling 67% of LMAX to management for £2.4 million, Forex Magnates spoke to LMAX Exchange CEO David Mercer for more information on the deal. The big question we had was how the overall valuation of £3.6 million for the company was calculated, being that Goldman Sachs had sold its 12.5% stake to Betfair in March for a reported … [visit site to read more]
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