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David Baazov Steps Away From $6.7B PokerStars Bid
- Updated: December 20, 2016
David Baazov, the Amaya founder, withdrew his $4.1 million bid efforts to take PokerStars private, reported Bloomberg. The overall value of the bid came in around $6.7 billion when accounting for debt.
Baazov said in a statement Dec. 20 that the stockholder price was too lofty for him to continue. Baazov has a 17 percent stake in Amaya, making him the second largest shareholder of the company, according to data from Bloomberg.
“It became evident that the share price premium demanded by certain shareholders …
