Full Tilt Poker and Groupe Bernard Tapie Sign Acquisition Agreement - Page 6 - Poker News

Can someone knowledge elaborate one the definition of "Acquisition Deal", please? Seems binding, no? If so, how can/would/will the talks (negotiations??) with the DOJ affect the whole thing?

09-30-2011 , 11:47 AM

#127

TGB

grinder

Join Date: Oct 2007 Posts: 493

"Do you see the light?"

"I have seen the light!"

http://www.youtube.com/watch?v=P1KZK...eature=related

09-30-2011 , 11:47 AM

#128

Noobie Newbertson

adept

Join Date: Feb 2011 Posts: 819

Quote:

Originally Posted by boohaa12

another ftp ploy to blame the doj?

Call me a cynic but this is what I was thinking

09-30-2011 , 11:47 AM

#129

LT22

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 12,842

Quote:

Originally Posted by Stake Monster

IMO the DOJ will have *some* pressure to be lax on the new investors as they have a lot of PR running on this decision of theirs... If they nix a deal, Americans would be up in arms about it.

the entire world would be up in arms, everybody is in this together now that it is 100% clear FTP is insolvent

09-30-2011 , 11:47 AM

#130

gambit8888

Lack'n in some direction

Join Date: Aug 2008 Posts: 45,159

could this really be?

09-30-2011 , 11:48 AM

#131

GeleHaas

adept

Join Date: Feb 2006 Posts: 794

coinflip imo

09-30-2011 , 11:48 AM

#132

LT22

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 12,842

Quote:

Originally Posted by Amoff

NVG's reaction to this news............
http://www.youtube.com/watch?v=Lr-Iw...eature=related

lol, thank you for making me laugh

09-30-2011 , 11:48 AM

#133

Zuran

adept

Join Date: Oct 2008 Posts: 1,106

But will it bring better customer support when FTP re opens?

I think that's the real issue here...

09-30-2011 , 11:48 AM

#134

synth_floyd

Carpal \'Tunnel

Join Date: Sep 2005 Posts: 7,074

So when are we getting paid? I'll believe it when the check clears in my bank account.

09-30-2011 , 11:48 AM

#135

CrazyNL

banned

Join Date: Aug 2010 Posts: 3,377

DOJ has to be ok w the new investment group paying the players, and not take FTP assets for the deal to go through

09-30-2011 , 11:49 AM

#136

LT22

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 12,842

I hope FTP Doug is part of the deal

09-30-2011 , 11:49 AM

#137

hamsamich

veteran

Join Date: Dec 2006 Posts: 3,326

Oh good...an ex-con will have all the maneys. Yea I'm sure the checks will be in the mail in no time.

09-30-2011 , 11:49 AM

#138

Kojika

veteran

Join Date: Dec 2009 Posts: 2,259

Please, make this happen !

If not, I'll be like this poor man : http://www.youtube.com/watch?v=ee925OTFBCA

Spoiler:

09-30-2011 , 11:50 AM

#139

tobbe

grinder

Join Date: Jul 2010 Posts: 556

Seriously wtf is going on. Sickest rollercoaster ever.

09-30-2011 , 11:50 AM

#140

Phatty

old hand

Join Date: Aug 2009 Posts: 1,913

I like good news as much as the next guy or gal but I'll believe it when I see the funds in my account. After Full Tilt said our money was safe and accounted for AFTER Black Friday and I learned it obviously wasn't, I'm VERY skeptical of anything to do with them.

09-30-2011 , 11:50 AM

#141

vamooose

old hand

Join Date: Jan 2010 Posts: 1,309

Quote:

Originally Posted by LT22

the entire world would be up in arms, everybody is in this together now that it is 100% clear FTP is insolvent

Great job AGCC exposing FTP for what it really is / was

This Tapie guy got a licence? Bet you he's sending some smokes signals, Tonto style.

09-30-2011 , 11:50 AM

#142

Bubbleblower

grinder

Join Date: Oct 2008 Posts: 696

Quote:

Originally Posted by CrazyNL

this sucks

Agreed, but at least we get our money back now.
FTP had not much option given all the muscle behind this.

09-30-2011 , 11:51 AM

#143

Vigor

centurion

Join Date: May 2009 Posts: 136

Doesn't an 'exclusive agreement to acquire' mean only that they will not talk to another potential purchaser during the time of the agreement and probably have inserted some sort of confidentiality clause along with countless other clauses? It seems to be an opening for negotiations, but not that a sale is agreed. Also isn't this what they had recently and it all went pear shape? I hope it is good news, but would hold on the side of caution till it is no longer "to acquire" and say "acquired". Till then there still seems to be some rather major hurdles that are not just purely DOJ based.

09-30-2011 , 11:51 AM

#144

robkey69

journeyman

Join Date: Sep 2011 Posts: 315

Quote:

Originally Posted by CrazyNL

Is FTP support answering emails? did someone emailed them recently?

09-30-2011 , 11:51 AM

#145

farmslicer7

veteran

Join Date: Oct 2006 Posts: 2,066

don't **** on our parade DOJ

09-30-2011 , 11:52 AM

#146

Bene Gesserit

Carpal \'Tunnel

Join Date: Jul 2011 Posts: 6,365

FTP has been stupid, but not so stupid as to announce this if it was not done!
They (FTP and the French) would not make/sign an agreement that the DOJ would not OK just to try to shift blame AGAIN. DOJ is likely totally on board with the details! This may be, hell, this IS the real deal IMHO!

09-30-2011 , 11:52 AM

#147

Jeff Oneye

grinder

Join Date: Aug 2005 Posts: 451

Wow, I'm taken aback by this latest development. And pleasantly surprised. It looks like I have to eat my words, but that's the best possible scenario.

09-30-2011 , 11:52 AM

#148

Rob1543

old hand

Join Date: Sep 2008 Posts: 1,414

white friday

09-30-2011 , 11:52 AM

#149

PJo336

THRILLHOUSE!

Join Date: Mar 2007 Posts: 22,158

Quote:

Originally Posted by augie_

this new guy signed a piece of paper, hopefully an effective piece of paper

Quote:

Originally Posted by Stake Monster

There's an agreement signed here.. AFAIK it means they agree on terms and signed on it. Now if the DOJ screws them they can back off of the deal.

Where is this info coming from though? Seems like it was just posted on one random poker site.

Quote:

Originally Posted by LT22

b/c Tapie announced the agreement

Where? All I see is the same post on a few pages saying "Tapie announces agreement" Am I missing a main link? Or are we just thinking they couldnt use his name if it werent true?