I was looking for a thread covering the news here, but surprisingly couldn't come across one?!
It looks like Poker Stars are set to buy out Full Tilt, for around $750 million, following the events of Black Friday, and the falling through of the previous deal.
A summary of the news (source: black friday news)
As of today April 25th 2012, it is being reported that talks are being made with the DOJ but could not confirm any specific details. There was little skepticism about the news yesterday but at least we have confirmation from Poker Stars that they are indeed in negotiations to acquire Full Tilt.
The only details that have surfaced are from Alex Dreyfus, CEO of Chilli Gaming. Alex has tweeted a deal to purchase Full Tilt and reach settlement with the DOJ would cost around $750 million. Almost half of which, $330 million to be exact, would go towards repaying Full Tilt players who lost money during the shutdown. This information is unconfirmed as of now, but it is coming from a respectable source.
Orinic cancels license hearing
We also reported last week that Orinic, one of Full Tilt subsidiary was scheduled for a hearing with the AGCC, (the licensing body who revoked Full Tilts gaming license), to have their license reinstated. This was done on behalf of GBT who were on the way to purchasing Full Tilt. The hearing has now been canceled due to recent circumstances. This only solidifies the fact that GBT is out and Poker Stars is in fact making progress.
There are still many questions up for debate as to how this will all pan out. Many are still left wondering when and if they will ever see their money again. I see this as great potential news and would put my money on players getting refunded soon. There still leaves the question of whether or not Full Tilt or Poker Stars will be back in the U.S. market again. Shaun Deeb had posted on 2+2 that Full Tilt would be back in the U.S. market. This has left us wondering if they would be back right away. New rumors are saying that once, or if, legislation is passed in the U.S., then perhaps the deal would give FTP or PS a license in the US, allowing them to acquire US players.
This story is still very fresh and information is coming in all the time. We do our best to bring you the latest updates and information as we get it. As always keep checking back for further news as it comes in.
What do you guys all think about the matter?
(For people that don't know much about the whole situation, here's Full Tilt Poker's history from the same site)
There was a great thread on 2+2 about it, but they're still down after the hacking
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April 28th, 2012 #1
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The Full Tilt Poker Situation - Poker Stars looking likely candidates to buy
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