BREAKING NEWS: Cake Poker Network Sold to Pokerlistings

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BREAKING NEWS: Cake Poker Network Sold to Pokerlistings

Post  Razor on Wed Mar 23, 2011 5:44 am

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Following a news story posted on Bluff online this morning, Holdem Poker Chat can confirm that there has indeed been a deal struck between the struggling Cake Poker Network and Pokerlistings.com. While most are reporting that Pokerlistings has bought Cake Poker, we are hearing that they did not buy 100% of the network. We're hearing 50%.

The Pokerlistings website has already been changed this morning to reflect the pending sale. Cake Poker is now listed as their #1 site followed by two new Cake Poker Network skins.

This is breaking news and we'll have much more information on the deal later today.

UPDATE: We finally spoke to Cake Poker and a deal is in the works but has NOT been finalized. I does look like it will happen sometime later in the week. As we reported earlier, the deal is NOT for 100% ownership but is for majority control of the network.
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