Reports: PokerStars Will Purchase Full Tilt Poker

This story was published more than 11 years ago.

Just after the Groupe Bernard Tapie announced that its plans to purchase beleaguered poker site Full Tilt Poker had failed, rumors started spreading that PokerStars will purchase the company instead.

The deal is reportedly worth $750 million and contains a conditional deal with the U.S. Department of Justice that will see American players finally getting paid.

Various outlets on the internet reported on the rumors, with nearly all of them agreeing that PokerStars will indeed be purchasing Full Tilt. A Twitter posting by Alex Dreyfus, CEO at Chili Gaming claimed that $330 million of the $750 million price tag would be allocated to pay American players and settle the poker firm's case with the United States government.

Further speculation on the internet claims that PokerStars will be re-launching Full Tilt Poker and keep the brand separate from its own.

Neither PokerStars or Full Tilt Poker had issued a statement as of the publishing of this article.