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David Baazov Finds More Fund for Takeover

27 November, 2016 | 14:13 от Aleksandra

Baazov New Bid

David Baazov’s Amaya takeover took another twist last week

David Baazov shocked the poker world when he restated his intention to try to take the company back into private ownership a few weeks ago.

Just a few days ago, It was announced that two Hong Kong companies are backing Baazov’s bid to take the gaming company.

After the announcement that one of his Dubai-based investor, KBC Aldini Capital, had never “even heard of Amaya” or Baazov, the former CEO had to find other ways to refinance the deal. Initially, Baazov said that he had secured $3,65 billion from him.

However, that news didn’t slow him down. Now Head and Shoulders Global Investment Fund and Goldenway Capital confirmed that would provide the needed money. These companies were named as two of four backers of the deal.

Stanley Choi is running Head and Shoulders. He earned one of the biggest poker tournament prizes of all time – $6,4 million, in a tournament in Macau in 2012.

“We continue to support David Baazov,” Choi said in a phone interview with Bloomberg. He then added that he is not concerned about the KBC situation and declined to comment further on his company’s business affairs.

Now Baazov is waiting for a response from Amaya.