See, none of that really matters though. I don't think Poker.com will change hands for the same reason that Rupert Murdoch will not be able to acquire Dow Jones despite an offer of $25 above that days closing price. Owning Poker.com is owning an entire industry and "industry" domains rarely change hands especially in a gambling sector that comands gross revenues higher then some countries and you simply can not put a dollar figure on that. I expect Poker.com to do what Facebook.com did and that was to not budge so early in the game. Gambling simply has too much command for Poker.com to be barganed off at $29mil- this isn't a domain name, it's a business.
Well, it's up for sale isn't it - and there are people in that industry with 9 and 10 figures in their deposit accounts, still with a year or so to go before they have to pay capital gains tax on it.
What better time to buy it, with US online gambling at a stop, and surely that's about to get reversed in the not so distant future?
$20m would be a steal IMO for anyone fitting the profile I've mentioned. If that type of person couldn't get that back within 5 years (probably less than 3), I'd be amazed.