In a note sent to the media on Monday, Amaya Inc. Chief Executive Officer David Baazov announced the plan to make an all-cash proposal to acquire the full ownership of the company that owns PokerStars and Full Tilt.
In an unprecedented move, Baazov said to have partnered with a group of unnamed investors who have prepared a C$21 ($14.98) per share offer, which represents a premium of about 40 percent to Amaya's Friday close on the Toronto Stock Exchange. At present, Baazov already owns 24.