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David Baazov Posted on 14 November 2016 by "T".
David Baazov, former chief executive of Amaya Inc, has offered to buy the entire company for about C$3.48 billion ($2.56 billion) or about C$24 per share - 30.9% more than Friday's close of C$18.34.
Amaya, owns PokerStars and Full Tilt, said on Monday they would consider Baazov's offer which could make PokerStars and Full Tilt privately owned once again. According to Reuters, Baazov currently own[...] Read more » David Baazov Offers To Buy Amaya
Joined: May '08
Location: Lithuania
Age: 38 (M)
Posts: 10090
now since mr baazov has made the offer to buy amaya and with it our beloved riverstars and full pimp poke her there actually is nothing to add to the fact except that dudes at amaya now have only 2 choices left: either to accept the offer or to decline the offer. to sell or not to sell that is the main question.
Joined: Feb '12
Location: Canada
Age: 63 (M)
Posts: 6036
... < ....He should,....THEN FIRE all the decision makers who have RUINED PokerStars and Full Tilt...!
... < ....One problem though with the company going private is that it's a lot harder to keep an eye on them...! But if Baazov puts them back to the good ol' poker sites they once were,...then all the power to HIM...!
Joined: Jun '13
Location: Canada
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Posted by demodawggy:
... < ....He should,....THEN FIRE all the decision makers who have RUINED PokerStars and Full Tilt...!
... < ....One problem though with the company going private is that it's a lot harder to keep an eye on them...! But if Baazov puts them back to the good ol' poker sites they once were,...then all the power to HIM...!
Demo i think you are forgetting something. Baazov was the president of Amaya when they bought Stars and Full Tilt and he was still there when all the decisions were taken to make all the changes of the sites.
I really don't think he would change them to much except making money.
Posted by pochui: now since mr baazov has made the offer to buy amaya and with it our beloved riverstars and full pimp poke her there actually is nothing to add to the fact...
It might not be that good of a business tbh than it looks from the outside. Those shares are priced pretty low for a company sized like this one. Must be some bad business quarters there.
Joined: Mar '11
Location: United Kingdom
Age: 54 (M)
Posts: 7371
The amounts of money being talked about are insane to me but,it just shows that there is still a lot of profit to be made in this sphere. I look forward to see what transpires
Joined: Mar '14
Location: Japan
Age: 48 (M)
Posts: 8946
David Baazov? Wasn't he charged with insider trading by Quebec's securities regulator? I thought he was taking an indefinite paid leave of absence. Let's see how Amaya's current CEO, Rafi Ashkenazi, will respond to Baazov's offer in five days.
Edited by Tony_MON7ANA (15 November 2016 @ 10:00 GMT)
Joined: Mar '09
Location: Greece
Age: 46 (F)
Posts: 14136
The big money talk again. If they are after a quick gain they might consider it. If they are not why selling? They are the leaders so far and they are going to be there for a very long time. SO at the end they will make that profit anyways
No board of director even gonna tell you that they are really just after a quick gain, since the companies they work for offering nice sized golden parachutes 4 them most of the time. And an owner change might compromise their own positions within the company. But if selling makes sense business-wise they will do it. In silence.
Joined: Aug '10
Location: Germany
Age: 51 (M)
Posts: 2219
It seems that stars was now only a toy for investors and so the best and biggest poker room will go down in the near future. Or it was only a gambling online store in the next years... Not good for all players, which like serious poker games...
Joined: May '08
Location: Lithuania
Age: 38 (M)
Posts: 10090
i really hope this baaazov dude will somehow gather enough money that is necessary for the purchase of pokerstars and full tilt, even if he has to sell newspapers in the streets, because if he can't - you never know who will buy it, maybe some extremists or terrorists?
