Amaya to pay $197.7M balance on Rational acquisition
January 10, 2017
Casinos and Gaming | Onchan, UK | Corporate Acquisition
Amaya (NASDAQ: AYA), the gaming and interactive entertainment company behind the PokerStars brand, has announced its financing plan for a $197.7 million balance due February 1 for the deferred purchase of online poker platform Rational Group, which Amaya acquired in August 2014. The company plans to pay the outstanding sum over the course of 2017 from unrestricted cash on its balance sheet and cash flow from operations. Amaya paid $200 million of the deferred purchase price in November 2016.