Ex-boss comes back with bid
The ex-boss of gambling company Amaya has offered to buy it for $2.56 billion - after ditching a previous proposal to face charges of insider trading.
Ex-CEO David Baazov and other executives were charged by Quebec's securities regulator earlier this year.
They're accused of trading in Amaya's stock ahead of its $4.9 billion takeover of PokerStars' owner, Rational Group, in 2014.
The Canadian company said it would consider the proposal by Mr Baazov this time around - he already owns around 17.2 per cent of its shares.
He's made the offer on behalf of an investment entity led by him - Amaya says after debt and transaction costs, it's valued at $6.7 billion.
The organisation's total revenue rose 9.5 per cent to $270.8 million from $247.3 million in the third quarter of this year.
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