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Poker NewsFull Tilt Poker finds an investor

Full Tilt Poker finds an investor

Tags: full tilt poker, investor · Category: Breaking news
Fri 30 Sep, 2011
An official press release from Full Tilt Poker states:

"Full Tilt Poker and Groupe Bernard Tapie Sign Acquisition Agreement

Dublin, Ireland (September 30, 2011) Laurent Tapie, Managing Director of ‘Groupe Bernard Tapie’ announced today that the group has signed an exclusive agreement with the Board of Directors of Full Tilt Poker to acquire the company and all of its associated assets.

This agreement, which includes the repayment of Full Tilt Poker’s world-wide players in full, is subject to several conditions; the first of which is a favorable resolution with the United States Department of Justice. Discussions with the United States Department of Justice will begin immediately.

‘Groupe Bernard Tapie’ has over 30 years of experience in the salvation of financially distressed businesses, with over 40 companies acquired and managed to profitability, the most well-known being the sport equipment giant, Adidas."

This comes after the revocation of Full Tilt Poker's gaming licence and the deal is subject to a favourable solution of the current legal issues surrounding Full Tilt Poker. However, things are definitely looking up for their situation.

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