Amaya Inc. founder David Baazov has replaced KBC Aldini Capital Ltd., a Dubai investorwho denied involvement in Baazov’s bid, with two Hong Kong funds in his effort to privatize the company, Bloomberg Technology reported.
Amaya is the parent company of PokerStars and Baazov is the company’s largest shareholder. When Baazov submitted a filing to the U.S. Securities and Exchange Commission placing KBC as an equity funder in the bid, the investment firm filed a complaint with the SEC, denying involvement.
According to Bloomberg, Baazov did, in fact, receive equity commitment letters from the other funders, namely Head and Shoulders Global Investment Fund SPC and Goldenway Capital SPC for $3.