Full Tilt Poker and Groupe Bernard Tapie Sign Acquisition Agreement

"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."

You posted the wrong thing zab lol

I fixed it

Well It is a step in the rite direction. "Hope"??

With the way things have played out so far with full tilt i wouldnt get too excited just yet. Wouldnt suprise me if they knew negotiations with DOJ wouldnt be favourable and this is an action to shift more blame onto the DOJ.

But thats just my pessimistic side. Looks like good news, But i still think it will be a long time before all is sorted.

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Originally Posted by Prawney

With the way things have played out so far with full tilt i wouldnt get too excited just yet. Wouldnt suprise me if they knew negotiations with DOJ wouldnt be favourable and this is an action to shift more blame onto the DOJ.

But thats just my pessimistic side. Looks like good news, But i still think it will be a long time before all is sorted.

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Of course...I think it'll still be interesting to see how things play out

Quote:

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Originally Posted by Prawney

With the way things have played out so far with full tilt i wouldnt get too excited just yet. Wouldnt suprise me if they knew negotiations with DOJ wouldnt be favourable and this is an action to shift more blame onto the DOJ.

But thats just my pessimistic side. Looks like good news, But i still think it will be a long time before all is sorted.

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I agree just better news then what we have been getting. I dont see FT back for another year or two at the earliest and not for US at all

I am going to be very optimistic, and hope that while they work things out with the DOJ that there will be an agreement to let the US players back in.
I know chances are slim and probably none, but one can hope. I couldn't possibly be more dissappointed than I was when I realized that it was going to take longer than a couple weeks after Black Friday to get some news.

I do think that the DOJ will keep all the $$$$ and say go ahead and open FTP again But You get no start up $$$$

They are never coming back to the us market. Unless laws in the US are changed that is. But other than that US players should consider themselves lucky they even got merge to play on

The negotiations with DOJ will most likely be talking about an out of court settlement in return for DOJ releasing any FTP assets it has frozen or claimed.

Prawney I am USA and play on Intertops Is that a Merge Too Ya know of a list of all the merge site's ??

I stil hope everything went to good for FTP. I want to play

Quote:

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Originally Posted by walter1024

I do think that the DOJ will keep all the $$$$ and say go ahead and open FTP again But You get no start up $$$$

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The DoJ will keep all the money it froze and then fine the new group. The new group acquiring FTP is not interested in getting the money back. They want a clean slate from all the civil and criminal suits pending in the usa. And, yes, New FTP will NEVER allow USA players ever again, even if they wanted to after the laws change here. This is a long discussion so, I'll just leave it at that.

Quote:

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Originally Posted by Prawney

The negotiations with DOJ will most likely be talking about an out of court settlement in return for DOJ releasing any FTP assets it has frozen or claimed.

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I'm thinking is the New FTP can come away w/ a less then 500m more fine for the USA, and pay back the sub 400m owed to all the players, there looking at about a 1B buyout of old FTP. If all the players who reimbursed worldwide with the exception of USA players don't pull out all there money They'd have an instant Merge at least, but the amount of $$$ they are going to have to sink into new Promos and such to draw back the crowds... Don't know if that price tag is going to make. GL to any of you hoping to get back onto New FTP. I'm going to assume that a USA site will be up and running by the time FTP makes it back from the dead, if they ever do.

Quote:

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Originally Posted by SendCookies

I'm thinking is the New FTP can come away w/ a less then 500m more fine for the USA, and pay back the sub 400m owed to all the players, there looking at about a 1B buyout of old FTP. If all the players who reimbursed worldwide with the exception of USA players don't pull out all there money They'd have an instant Merge at least, but the amount of $$$ they are going to have to sink into new Promos and such to draw back the crowds... Don't know if that price tag is going to make. GL to any of you hoping to get back onto New FTP. I'm going to assume that a USA site will be up and running by the time FTP makes it back from the dead, if they ever do.

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I'd be pretty confident that if some guardian angel swoops in and buys full tilt poker and pays back everyone, that the rest of the world players will show loyalty to these new owners and redeposit or not withdraw in the first place. I always said that full tilt would have no credibility if they re-opened, But that was if they just got an investment and were under same management.

I find it hard to beileve that if these possible investors follow throught with their plans that their non-usa players will just abandon them. And whatever about the money they will have to pump in. This whole action of coming in to save everyone will imo mean they keep near 75% if not more of their players, and that is just a license to print money.

Quote:

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Originally Posted by walter1024

Prawney I am USA and play on Intertops Is that a Merge Too Ya know of a list of all the merge site's ??

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Intertops is Cake, Merge is completely different. I am not sure of all of the sites, but a google search of merge networks should do the trick.

i used to do ftp i dont any more but thanks prawney varey intresting

Enter the "white knight" ... well maybe ... too early to tell.

Hopefully this leads to FTP coming back and everyone getting their money.

Interesting and I think the first good news since ages...

change of ownership and possibility of gettin my money back and play again
wow did i just hit the lottery lol

ponziiiiiiiiiiiiiiiiiiiiiiiiiiiiiii!

That's good news, I hope now we receive our money finally!

weeeeeeeeeeeeeeeeeeeeeeeeeee i wanna grind on tilt again

well maybe it will work out and we will get paid afterall

good for you

Good news, but looking forward for better news like we have a date of it's reopen :D

Quote:

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Originally Posted by Prawney

They are never coming back to the us market. Unless laws in the US are changed that is. But other than that US players should consider themselves lucky they even got merge to play on

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I'd hate to think this is true, but it's 100% true.

I hope it works out too. But, those bas tards still need to be sent to jail. Damn crooks.

I hope this happens... I want my money back, as I am sure a whole lot of other people do as well.

who would they payback and what conditions?i like the ft game structure,i like the $3.30 90 man games,was nice lil payoff if yu won

o dear zab never gets any thonk right

lol

onley jokeing zabs the best