Tag Archives: Barclays

Baazov wants to retain Rational’s core values

Amaya CEO David Baazov wants the Rational Group, parent company of PokerStars and Full Tilt Poker, to continue to focus on its ‘core values’ of ‘integrity, customer focus, and challenge’. Amaya has just invested US$4.9bn completing the acquisition of Isle of Man-headquartered Rational Group Ltd. Baazov commented: “We are extremely pleased to have completed this acquisition. Through PokerStars, Full Tilt …

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Amaya to snap up $4.9bn PokerStars

Amaya Gaming Group has agreed a sensational US$4.9bn (£2.9bn)  deal to acquire The Rational Group, operator of the world’s biggest online poker brands PokerStars and Full Tilt Poker. The deal is backed by Blackstone Group LP’s credit division, GSO Capital Partners, which will buy more than $600 million in convertible preferred shares and other securities. Deutsche Bank, Barclays and Macquarie …

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