Hit and Run: Baavoz’s PokerStars Bid Ends; Kassouf Wins High Roller; Peters wins GPL POTY Title
A well publicized bid to take PokerStars private has failed. Wil Kassouf takes down the EPT Prague High Roller. These stories and more in today’s Hit and Run.
David Baazov PokerStars’ Bid Fails
Amaya Gaming founder and former executive David Baazov has ended his efforts to take PokerStars private by withdrawing his $4.1 bid. His group’s overall bid for PokerStars was estimated at about $6.7 billion with debt.
In a statement, Baazov said that the share price premium just became too high. “It became evident that the share price premium demanded by certain shareholders exceeded the price at which my investors and I would be willing to complete a transaction.”
A November 11th bid to acquire the company was 30% above market value. It is believed thought that the bid may have been rejected due to Baazov himself, who was charged with insider trading and also blamed for a $870 million judgement in Kentucky.
– Wil Kassouf took down the EPT High Roller in Prague after making a deal with Patrick Serda. The score was enough for Kassouf to take home €532,500 while Serda finished with€ 719,000 despite officially finishing in second. In true Kassouf style, he choose his final hand as nine-high in his winner photo.
Here was the notorious poker table talker during the 2016 WSOP Main Event.
– With the rebranding of the European Poker Tour next year, many people in the industry are taking a look back at the 13-season run of one of poker’s most popular tours. Bertrand “Elky” Grospellier shared some of his thoughts with PokerStrategy while PokerNews sat down with PokerStars’ Lee Jones. You can listen to that interview below:
– David Peters takes down both the Card Player of the Year and Global Poker Index Player of the Year for 2016 with strong performance in EPT Prague.