Founder Offers to Take Amaya Private in $6.7 Billion Deal - Bloomberg

Updated: Feb 5


Amaya Inc.’s founder, who took an indefinite leave this year amid a Quebec insider trading probe, has made a cash offer to take the Canadian owner of the PokerStars online gambling service private in a deal valued at about $6.7 billion, including debt.


David Baazov said in a U.S. exchange filing Monday that he and his financial backers are offering C$24 for each outstanding common share of the Pointe-Claire, Quebec-based company. That’s 31 percent above Friday’s closing price of C$18.34 in Toronto. The shares surged as much as 18 percent Monday in Toronto, the biggest intraday rise since February, before closing up 14 percent at C$20.98 apiece.


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