Deals
Amaya Founder Finds Additional Hong Kong Funds for Takeover
- Baazov says Goldenway, Head and Shoulders boost funding
- Funds step up after Dubai group says it hadn’t agreed to bid
This article is for subscribers only.
Amaya Inc. founder David Baazov said two Hong Kong funds have agreed to boost their support for his $4.1 billion bid to take the gaming company private, replacing a Dubai investor whose backing for the deal was given without its consent.
Baazov has “binding equity commitment letters” from Head and Shoulders Global Investment Fund SPC and Goldenway Capital SPC for $3.45 billion to finance his bid for the PokerStars owner, according to a U.S. Securities and Exchange Commission filing Friday.