11:01 am ET: In what would be a major development in the storied soap opera of Full Tilt Poker since Black Friday more than a year ago, it is presently being rumored that PokerStars has bought the beleaguered site for $750 million. The purchase would include enough to settle with the DOJ and reimburse all players.
At the time this was published, this possibility seems to be merely a rumor. However, the above-linked tweet by Alexandre Dreyfus was “retweeted” by leading poker media specialist Kevin Mathers which does seem to lend it some credence.
In a post on the Two Plus Two forums, moderator “Mike Haven” indicated a press release may be soon to follow. If the news is indeed true, it would mark an end to the much-awaited efforts by Groupe Bernard Tapie (GBT) to purchase Full Tilt which have been ongoing since last September. Stay tuned for further updates.
11:39 am ET: This rumor appears to have more fuel behind it as iGaming France reports that, “Laurent Tapie confirms deal is off for FTP buyout, insinuates external sabotage over DOJ negociations [sic].”
Laurent Tapie is the figurehead of the French company GBT which had previously been working to buy Full Tilt. News that GBT has confirmed their efforts to buy Full Tilt Poker are over seems to bode very well for the rumors that PokerStars has acquired the site.
4:01 pm ET: In a statement on their official blog, PokerStars has failed to confirm the rumors at this time. Said Eric Hollreiser, Head of Corporate Communications for PokerStars, “We’ve had a lot of enquiries and there’s lots of speculation on the forums, so I wanted to address the PokerStars chatter. As you know, PokerStars is in settlement discussions with the U.S. Department of Justice. As such settlement discussions are always confidential, we are unable to comment on rumors. As soon as we have information to share publicly we will do so.”