As with most things regarding Full Tilt Poker these days, most of what we know regarding the true fate of the company’s future is speculation, hearsay and leaked reports. While it has been confirmed that the French investment group, Groupe Bernard Tapie is willing to pay $80 million in order to acquire Full Tilt Poker, there has been some speculation recently that the online poker room may be eying a backup plan if the GBT buyout fails.
According to an iGaming report, an anonymous UK private equity firm wants to buy Full Tilt Poker’s software for “cannibalization purposes.” Unfortunately for the online poker room, and for the thousands of players who have been waiting to see their money paid back since April last year, the offer is much more modest than the amount offered by Groupe Bernard Tapie, and is said to be in the region of $35 million.
The iGaming report reads: “The deal would centre around offering in the region of $30 to $35 million for the software alone, while the FTP name, brand and all associated with it would be then wound up. The funds for the software would be deposited in a neutral account for Administrators of the company to distribute to creditors of FTP.”
In its heyday, Full Tilt Poker was raking in over $1 million a day, and its software is considered among the most innovative in the world. It seems a shame then, that the same platform which brought the industry Rush Poker and other excellent features, would be forced to sell for such a relatively small amount. On the other hand, it seems that if the plan with the French investors doesn’t come to fruition, Full Tilt Poker may simply have no other choice but to accept the offer by the unnamed British group.
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