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.