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Full Tilt Takeover Deal to Finalize Soon

By Matt Kaufman, Rakeback.com Poker News Editor

A rumor which originally surfaced at Gaming Intelligence on Wednesday suggests that the Groupe Bernard Tapie takeover of Full Tilt Poker is likely to reach its completion within the next several days.

The article states that the deadline for finalization of the deal is on Friday, March 16th, and that sources from both Full Tilt and the Tapie group are optimistic about making that deadline. Even if it is not done by then, however, it is still possible to extend the deadline once more and to complete the deal sometime in the next 1-2 weeks.

Numerous other sources were able to confirm part of the story, although the most common opinion seems to be that the deal will likely be completed at some point next week.

Whenever it happens (assuming it does, of course), the Tapie group is expected to need roughly 4 weeks before they can launch Full Tilt Poker and open the site for business.

After 11 months, the fact that there is some light at the end of the tunnel should be encouraging for all Full Tilt account holders. We're crossing our fingers that everything goes well and that Full Tilt can both return all missing player funds and reopen for business.

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