KBC Aldani Capital<\/a>, said it had no knowledge of the deal and had never even heard of Amaya.<\/p>\nIt\u2019s unclear exactly how this happened. One possible explanation that’s been bandied about is that Baazov was stiffed by a middle man claiming to represent KBC, but he has never confirmed or even addressed this rumor publicly.<\/p>\n
\u201cSuspicious\u201d Bid<\/h2>\n
While he returned with an amended bid, it seemed his credibility had been damaged by the fiasco. Activist investor Jason Ader, who owns one percent of Amaya, publicly said the bid was suspicious and lacked in credibility. He called on Baazov to increase the offer and provide more details about his financial sources.<\/p>\n
\u201cAs the founder of Amaya this was not a decision I took lightly, as it was always my intent to arrive at an outcome that was in the best interests of all shareholders,\u201d said Baazov om Tuesday. \u201cI wish my friends and former colleagues at Amaya continued success in driving value for all shareholders.”<\/p>\n","protected":false},"excerpt":{"rendered":"
It’s an undone deal for David Baazov. The ex-Amaya CEO announced Tuesday that he has ditched his bid to buy Amaya, the parent of PokerStars and Full Tilt. A press release issued by Baazov revealed that negotiations between both parties had broken down when shareholders\u2019 asking price became too rich for his blood. Thus brings […]<\/p>\n","protected":false},"author":42,"featured_media":43139,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,21,10,19,60],"tags":[],"acf":[],"yoast_head":"\n
David Baazov Pulls the Plug on Amaya Offer, Deal Now Off the Table<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n