Full Tilt Poker Takeover Deal Imminent?

Rumors are rapidly spreading that Groupe Bernard Tapie's long-awaited takeover of Full Tilt Poker's assets is likely to be finalized over the next several days. Find out the details.

GBT Director Laurent Tapie

In a story initially reported on by Gaming Intelligence, Groupe Bernard Tapie's (GBT) takeover of Full Tilt Poker may be finalized as early as this week.

Towards the end of February, GBT attorney Behnam Dayanim told PokerStrategy.com that the parties involved with the deal decided to extend its previous deadline. The deadline was extended to March 16th, and with that date rapidly approaching rumors have been circulating throughout the poker world that the deal may finally reach its conclusion.

While Gaming Intelligence reported that its sources are confident in the deal being finalized by the March 16th deadline, PokerStrategy.com cannot confirm quite the same degree of optimism.

Our own sources have informed us that while negotiations and the due diligence process are in their final phases, there is still a chance that one last deadline extension may be necessary before the deal can be completed.

After the deal has been finalized, it has been estimated that it will take approximately one month before Full Tilt Poker can reopen for business.

As always, PokerStrategy.com will closely follow and report on this story as it develops.

By Matt Kaufman