Baazov Secures Extra Funding for Amaya Bid
Key Takeaways
  • “Somebody has misused our name,” KBC’s chief executive officer stated last week.
  • Baazov confirmed last Wednesday that KBC was out of the deal, apparently having been duped by a fake letter of commitment.
  • On Friday, a new SEC filing shows that increased commitments from two of the original backers covers the shortfall.

Two of the four original investment firms have been removed from Baazov’s bid to buy Amaya, but the remaining two have agreed to increase their commitment to cover the offer price, fresh SEC filings show.