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PokerStars For Sale

Business, 2006-01-07, by TwoGun

PokerStars recently asked investment bank NM Rothchild to help them unload their business via either a sale or a float on the London Stock Exchange. The family who owns 75% of the company reportedly wants to a put a price tag in the neighborhood of $2 billon on PokerStars, which is the internet's second largest poker room (behind Party Poker).

If PokerStars does sell, several other companies in the online gaming sector could be potential buyers. Among these include 888 Holdings (operators of Pacific Poker) and PartyGaming (operators of Party Poker). It is also likely that a major gambling firm who does not yet own a significant poker room would be the buyer.

From the poker player's standpoint, it is not clear what the significance of the sale would be yet. It largely would depend on which firm ends up buying PokerStars.

More information can be found in this article.

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