HK funds boosting their support for Amaya founder's privatisation bid

Toronto

AMAYA Inc founder David Baazov said two Hong Kong funds have agreed to boost their support for his US$4.1 billion bid to take the gaming company private, replacing a Dubai investor whose backing for the deal was given without its consent.

Mr Baazov has "binding equity commitment letters" from Head and Shoulders Global Investment Fund SPC and Goldenway Capital SPC for US$3.45 billion to finance his bid for the Pokerstars owner, according to a US Securities and Exchange Commission filing on Friday.