Amaya founder and former chief executive David Baazov has made a strong offer to take the business private, submitting a bid of CAD$24 per share to acquire 100 per cent of the business.

Baazov delivered his bid to Amaya Monday, highlighting the "immediate compelling value" of the bid to shareholders, who would receive a 30.8 per cent premium on their shares based on the closing price on November 11th.

Premium subscribers continue here to the full article.