Poker news tagged with 'groupe bernard tapie'

The sale of Full Tilt is about to be finalized as a new agreement between the company and the French buyers Groupe Bernard Tapie has been made. The agreement states that all Full Tilt's shares, which are confiscated by DOJ at the moment, will be transferred to the new owners.

The current Full Tilt shareholders, according to different sources, have voted about the sale of Full Tilt Poker and most voted, ''yes.'' These shareholders will also have the chance to invest in the new company. The owners of Groupe Bernard Tapie have apparently also been in Dublin, Ireland, and talked to Full Tilt's employees about the current process.

It was reported yesterday that the Groupe Bernard Tapie and the US Department of Justice (DOJ) have come to terms that allows GBT's acquisition of Full Tilt Poker to continue. The article states that if FTP's current shareholders agree to acquisition of their company, the deal with DOJ will provide for payment of all players worldwide.

Read more » DOJ and Groupe Bernard Tapie have reached an agreement

According to a new report on Gamaing Intelligence, Groupe Bernard Tapie has hired the same lawyer who negotiated the Party POker/DoJ and Neteller/DoJ settlemens. The agreement between Full Tilt Poker and Groupe Bernard Tapie is reportedly subject to "several conditions", and the most import condition is a good resolution with the United States Department of Justice.

Even though the involved people are working day and night to get Full Tilt Poker back online, it might take a long time before the poker site is up and running again. Well, according to some rumors, Full Tilt Poker might reopen by January 2012 if everything goes according to plan.

Last week the breaking news that Groupe Bernard Tapie (a French group of investors) and Full Tilt Poker signed an acquisition hit the poker world. The new owners said that they intend to pay back all players money as soon as possible. Yesterday, one could read in the Wall Street Journal that Full Tilt's new owners are looking at the possibilities to offer ownership shares in the company to pay off some of the liabilities to their players. Apart from that, Groupe Bernard Tapie might also offer the current owners continued investments in the company, however, they won't get any influence in the company's governance.