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The Bid for Amaya Ended

24 Dec 2016

Amaya The past few weeks lots of efforts have been made by the former CEO of Amaya, who also is the founder, mr David Baazov, to buy the company. We should remind that Amaya is the parent company of Poker Stars and its founder has tried to buy it back. As it seems though, the bid by Baazov has been withdrawn, since the demandings by the majority of the shareholders was too high, concerning the money.

Reasons for the Rejection of the Bid

Shareholders expressed that they were not impressed by his offer, while most of them told that the company should not be affiliated by any way to Baazov. Of course the latter still hold a 17% of the stakes in the company.

Baazov commented on the matter: “It became evident that the share price premium demanded by certain shareholders exceeded the price at which my investors and I would be willing to complete a transaction. After consulting with my advisors, I determined that the best course of action for me and Amaya would be for me to end my attempt to purchase the company.”

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The Bid for Amaya Ended

Reasons for the Rejection of the Bid

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