December 20, 2016 / 12:32 PM / 2 years ago

CORRECTED-Amaya's ex-CEO ends talks to buy company

(Corrects figures in second paragragh to dollars from Canadian dollars)

Dec 20 (Reuters) - Amaya Inc founder David Baazov said on Tuesday he had ended talks to buy the Canadian online gambling company as some shareholders were demanding a higher premium.

Baazov, a former CEO of Amaya, offered to buy the company in November in a deal valued at about $4.1 billion. Including debt and transaction costs, the deal was for $6.7 billion.

Baazov said last month he would seek new funding for the portion of the offer he was financing along with a consortium of investors after an investor he had previously said was backing the offer turned out not to be.

Baazov and four funds were to have financed $3.65 billion of the deal. (Reporting by Vishaka George in Bengaluru; Editing by Saumyadeb Chakrabarty)

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