Doyle Brunson in Takeover Attempt on WPT

Poker legend is leading a $700 million takeover attempt of WPT Enterprises - the parent company of the World Poker Tour.

Market rumors of the bid, which were later confirmed by WPT, sent its shares surging almost 59 percent on Friday to a new high of $28.20 on Nasdaq.

The bid offers a 100 percent premium over the Thursday closing price of $17.75 which valued WPT at about $357 million.

More info here.

I find the timing of the takeover bid interesting. I wonder if people at the WSOP are talking about it.