Published
Online

Amaya CEO makes non-binding offer to buy the company

Amay

PokerStars
a Inc., the parent company of PokerStars and Full Tilt Poker, has confirmed that the company’s CEO and Chairman David Baazov has made a non-binding indication to acquire the company.

Indications are that Baazov intends to make an all-cash proposal to acquire the company at a price currently estimated at C$21.00 per common share.

Amaya’s board of directors has established a special committee to address any potential share purchasing offers that might arise. The committee, which will be chaired by Amaya’s Lead Independent Director David Gadhia, would consider Baazov’s offer were it to materialise as well as any other proposals from alternative sources.

Despite its formation, Amaya have been keen to stress that special committee have not received any formal offer from Baazov and are not soliciting one. There is also no current commitment that from Baazov that a formal offer will definitely be forthcoming.

Amaya shareholders have been informed that they do not need to take any action with respect the potential proposal yet. Updates will provided to shareholders if and when necessary in accordance with applicable securities law.

Premium+ Connections
Premium

1xBet Partners

 
Premium

Imagine Live

 
 
Premium

PIN-UP Partners

 
Premium

Lynon

 
Premium

GammaStack

 
Premium

Sport Generate

 
Premium

Digitain

 
Premium

RISK

 
 
Premium

Galaxsys

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Esportes Gaming Brasil

Ana Carolina Luna Maçães

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...