Full Tilt sign acquisition agreement

Full Tilt sign acquisition agreement

Friday, 30 September 2011

The Full Tilt saga has taken another twist this afternoon with the news that the beleaguered online site has signed an acquisition agreement with the Groupe Bernard Tapie.

A statement released to PokerStrategy.com revealed that the French group, headed by Bernard Tapie's son Laurent, “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.”

The Groupe Bernard Tapie was involved with Adidas in the early 1990s but football fans will most likely recognise the name Bernard Tapie for some major skullduggery. The former president of Marseille football club was jailed for 6 months in 1997 after being found guilty of trying to fix a match in 1993. Tapie was also accused of defrauding the club of £10m.

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Tags: Full Tilt Poker, law, Bernard Tapie Groupe,