Update: Full Tilt Acquisition Deal Closed?

Sep 28, 2011
No official statement yet Full Tilt Poker's acquisition may be close at hand, according to recent Twitter posts which report of rumors that a French investor whose identity has caused much speculation throughout the industry has sealed the deal. According to a Pokercast host Adam Schwartz, "I was told by what I feel (and most of you would too btw) is a very reputable source. The person doesn't want me to say their name. However, there has been speculation that the source may be FTP legal representative Jeff Ifrah, who has been very active in the past few weeks, acting as a source for a number of other comments, and who apparently went to France as part of the FTP negotiating team. In the latest comment, Ifrah reportedly stated: "The investors are totally committed to doing this - we've met with them and seen the funds. Their primary concern right now is the AGCC's decision on Full Tilt's licence. The investor's position is that if Alderney revokes the license, they won't go through with the deal because it makes things too difficult. “They [the French investors] called and volunteered to discuss their commitment directly with the commissioners," said Ifrah. "Without hesitation, they are prepared to review the terms of their offer. Additionally, they've hired a prominent and respected lawyer in the gaming industry and are setting up a meeting with the DOJ to try and work out the issues Full Tilt has in the U.S." However, no official statement regarding the matter has arrived from the AGCC or FTP, which now has a history of offering little communication to explain its actions or troubles.
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