Friday, July 08, 2005


Doyle Brunson to buy World Poker Tour?

Saw an article on Reuters today that Doyle Brunson has bid $700 million to buy World Poker Tour (WPTE). This is just a few days after WPT launched their own online gaming site. The $700 million bid was a premium of 100% on the company's share price at the time, and the rumors of the bid have driven the stock price up considerably. According to the CFO at World Poker Tour, it was an unsolicited offer, and they're looking at it just like any other offer.

More power to Doyle Brunson! To be 71 years old and still interested in buying whole companies...why that's on a par with Warren Buffett.

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