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According to Bloomberg, the price tag for Amaya Gaming's rumored purchase of PokerStars' parent companycould be more than $1 billion. The news outlet, which released a series of articles on Thursday about the potential acquisition, said, "Blackstone Group LP's credit business, GSO Capital Partners LP, is among the backers of Amaya's bid, arranging more than $1 billion in financing." Trading of Amaya's stock in Toronto was haltedmidday Thursday after it had risen 28% in two days and 17% on Thursday alone. The reason, according to multiple reports, is a forthcoming acquisition of PokerStars'
There's more news about the rumor that Amaya Gaming is in talks to acquire PokerStars. According to Bloomberg, trading of Amaya's stock on the Toronto Stock Exchange was halted on Tuesday "following a 28% surge in the past two days." What the stoppage means regarding a potential acquisition, if anything, is not yet known, but a separate Bloomberg article stated that an announcement of a deal could come on Thursday. Bloomberg told readers, "The stock was halted for pending news, according to a statement from the Investment Industry Regulatory Organization of Canada." Spokesmen for Amaya an
Recently, an article published by CalvinAyre set the poker industry abuzz with rumors that the Canadian firm Amaya Gaming would purchase the online poker behemoth PokerStars. But this week, perhaps hoping to quell the gossip, Amaya decided to release a statement that was seen as a tacit denial of the surprising report. The first inkling of a deal came on May 16, when Industrial Alliance Securities analyst Neil Lindsell stated that Amaya would likely sell its Ongame poker network in order to "trade up" to a bigger platform, according to the CalvinAyre piece. Since then, the company's stock