Amaya investor questions David Baazov’s source of funds for acquisition
Canadian based Amaya Inc is currently considering an acquisition proposal submitted by David Baazov, the former chairman and chief executive officer. Baazov sent in a proposal last month offering C$24 per share which is around 20 percent more than what Amaya Inc shares a currently trading at.
David Baazov initially stated that he had investors from Dubai and Hong Kong backing the acquisition but the Dubai based company that he had put down as a backer, released a statement to dispute that claim. However the two Hong Kong based investors – Head and Shoulders Global Investment Fund SPC and Goldenway Capital SPC confirmed that they would increase their amount of investment to support the acquisition.
U.S based SpringOwl Asset Management one of Amaya Inc’s investors who …
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