David Baazov, former CEO of Amaya Gaming has announced that he is walking away from his bid to acquire the company. According to the businessman, the negotiations have been completed because some shareholders exceed the price at which he and his investors would be willing to acquire the company.
“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,” David Baazov said.
In turn, Amaya Gaming has issued a press release which confirmed the termination of negotiations with its former CEO David Baazov regarding the offer to acquire Amaya.
In November, David Baazov issued a bid to purchase the poker operator, owner of PokerStars and Full Tilt Poker, for US$2.5 billion — for $17,76 per share.