PokerStars to Buy Full Tilt Poker?
The future of Full Tilt Poker remains in the balance after the collapse of a proposed deal with the Groupe Bernard Tapie was followed by rumours of a buyout by PokerStars. As yet nothing has been confirmed but the online casino and poker playing community is buzzing with rumours about how this deal could work.
The French group had lined up a purchase for $80 million but it fell through when they failed to agree with the US Department of Justice over how to pay back the Full Tilt Poker site members who are owed cash. The government department wanted all of the outstanding claims settled within 3 months of the takeover, which a spokesman from the Groupe Bernard Tapie said was a change to the original plans and which would have made the takeover impossible.
Rumours of Figures
Almost as soon as news of the breakdown in this deal was released internet rumours began to link PokerStars to a bid for the troubled poker site. The early suggestions were of a $750 million deal, with $330 million being put towards those outstanding payments and money due to the US government.
The online speculation was centred around Full Tilt Poker being re-launched and being maintained as a completely separate brand from the existing PokerStars one. No comment has been forthcoming to date from either of the companies.
For the moment we will now need to just wait and see whether PokerStars attempts to rescue this online poker site and if so how successful the attempt is.
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