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MONTREAL — The founder and former chief executive of online gaming firm Amaya Inc. has made a takeover offer for the company that values the company at about $3.48 billion.
David Baazov, who resigned from the company in August, is leading a group of investors that has offered $24 per share for the company.
Amaya shares closed at $18.34 on the Toronto Stock Exchange on Friday.
Baazov already holds a 17.2 per cent stake in Amaya including more than 24.5 million shares and options that entitle him to acquire 387,500 more.
The takeover offers follows by comments by Baazov in February that he was interested in buying out the other shareholders.
Since then, Baazov has been charged with five offences including communicating privileged information and attempting to influence the market price of Amaya stock. He has pleaded not guilty.
