Former Amaya CEO says Hong Kong investors to fund bid for firm: Reuters

David Baazov, the former chief executive of online gaming company Amaya Inc, disclosed new details of funding for his proposed offer to buy the Canadian firm, saying two Hong Kong-based investors had committed $3.45 billion, Reuters reported. Baazov needed to refinance the deal after one of his previously announced investors, Dubai-based KBC Aldini Capital, denied it had ever agreed to be a backer. Last week, Baazov, who owns about 17 percent of Amaya, offered $24 per share to buy the rest of the company, the second time he has tried to take it private.

DealsCanadaNorth AmericaBriefs