It’s private equity versus David Baazov as PokerStars faces its second takeover in two years. Whoever wins, big changes lie in store for the world’s biggest poker company.
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The merger of Betfair and Paddy Power is a merger of winners rather than the merger of an underperformer and its knight in shining armour. That is the most engaging part of the deal. There is a temptation to presume that they will be an overwhelming force of nature when combined. But the thing is, they won’t really be combined.