Confirmed: PokerStars Acquires Full Tilt Poker (UPDATED)

Hey Ray, can you waste 7 months negotiating with a company that doesn't really have the money to buy us, and then let the DoJ circumvent us to sell our company to our biggest competitor who we hate? Thanks.

We’ve been working various sources to independently confirm Poker Fuse’s initial report of PokerStars acquiring Full Tilt Poker.

According to those aforementioned sources, the deal is in fact done. PokerStars is acquiring Full Tilt Poker. The $750M price tag (which includes player balances and DoJ fines) initially reported on 2+2 and Poker Fuse is also accurate.

We’ve been told by people connected to the Groupe Bernard Tapie investment group that the French company is “shocked” about the development. As we’ve noted before, GBT’s ability to pull off the ISPT will be greatly hampered, if not completely sunk, without a stable online poker platform.

More details to come as we receive them…

UPDATE: We’re hearing the final terms of the deal should be signed by all parties within a week. The $750M price tag may also increase. The DoJ has a lot of leverage here and may be flexing their muscles now.

 

 

5 Responses

  1. exoendo

    April 25, 2012 6:11 pm, Reply

    2 months earlier:
    “All systems point to “go” for the relaunch of Full Tilt Poker.

    On February 14th last month in Dublin, Ireland, the company incorporated itself as “New Full Tilt Limited” with Laurent Tapie listed as its Director. ”

    I think you guys need a stricter definition of what “all systems point to go” and “confirmed” actually mean. Confirmed doesn’t mean that it may happen, possibly, if everything goes alright and the DOJ doesn’t decide to curbstomp poker players for a few laughs.

  2. China Man

    April 25, 2012 6:47 pm, Reply

    Can you guys elaborate on why the hell Pokerstars would purchase Full Tilt? It’s a sunk brand, what asset(s) exist to warrant such a deal? Is the $750 million just good will when the chance to come back to America arises?

    • GregDude

      April 25, 2012 10:08 pm, Reply

      They are purchasing software and the good will of the DOJ.

      The “Good Will of the DOJ” is rather obvious, but the real question to ask is, “What are they gonna do with the software?”

      My guess is they will either sell it to a big US casino company (like Caesars), or they could lease to various US casino companies when individual states finally start allowing online poker next year. PokerStars could run the software, and tweek it to suit the needs of the casino / Indian tribe and the regulations of that particular state.

  3. Dan Spector

    April 30, 2012 10:30 pm, Reply

    You skeptics are missing a gigantic ocean-liner of a boat here. If Pokerstars gets the Full Tilt player base, and then gets them their money back, they essentially have ALL THAT BUSINESS. This would be an absolute coup for ANYONE able to pull it off. Do you have any idea what cash machines these sites are if they have a huge player base? Gigantic. The trick is making it all good with the DOJ. If they do it, it’s an automatic win. In Poker, a brand is not dead if there are poker players out there willing to play, and if Pokerstars saves the bankrolls of thousands of American players, many of whom had already written that money off as hopeless, Pokerstars will be hero to those players and will take OVER the online world.

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