Full Tilt Sold to French Investment Group

Full Tilt Poker’s released a statement today announcing the sale of the company to Groupe Bernard Tapie.

The group has “signed an exclusive agreement with the Board of Directors of Full Tilt Poker to acquire the company and all of its associated assets.” The deal calls for the repayment of Full Tilt’s players but is conditional upon several factors including “a favorable resolution with the United States Department of Justice.”

The statement indicates that talks with the DOJ “will begin immediately,” but no further details about the deal have been disclosed.

Groupe Bernard Tapie is described as company that has been successful in “in the salvation of financially distressed businesses” for over 30 years.