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Amaya Founder Baazov Withdraws Bid for PokerStars Owner

  • Baazov says premium demanded by shareholders was too high
  • Amaya bid was backed by two Hong Kong-based fund groups
Photographer: Mychele DaniauAFP via Getty Images
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Amaya Inc. founder David Baazov withdrew his $4.1 billion bid to take the PokerStars owner private, saying the price sought by some shareholders was too high.

“It became evident that the share price premium demanded by certain shareholders exceeded the price at which my investors and I would be willing to complete a transaction,” Baazov said in a statement Tuesday.