aktietorget
Vote: What’s Next for The Pirate Bay?
Thursday’s de-listing from a Swedish stock exchange of The Pirate Bay’s corporate suitor is likely to scuttle the planned $8.5 million purchase of the world’s most notorious BitTorrent site. The removal of GGF from the AktieTorget exchange was based, in large part, on the exchange’s findings that the Swedish company’s CEO, Hans Pandeya, never had the financing to go through with the deal, and was just trying to manipulate the company’s penny stock prices. That leaves the proprietors of the 5-year-old Pirate Bay without an obvious exit strategy at a time of unrelenting legal pressure.
Continue reading »Pirate Bay sale approved; legal version coming soon
Global Gaming Factory X, the Swedish company that plans to buy The Pirate Bay domain for SKr60 million (about $8 million), today held an “Extraordinary General Meeting” that has approved the deal. According to GGF, The Pirate Bay will shift to a legal file-sharing hub from day one after the acquisition. The actual purchase process remains difficult to follow.
Continue reading »Pirate Bay Buyer’s Stock Back to Square One
Two weeks ago the BitTorrent community was shaken up when GGF publicly announced that it would take over The Pirate Bay and turn it into a legal outfit. By paying both the copyright holders and file-sharers the company aims to satisfy both parties while cashing in on lucrative advertising deals. Investors in the company responded positive to the news and the share price went up by 200% just hours after the plans were made public.
Continue reading »‘We need your support!’ The Pirate Bay
“Remember this, guys and gals, we really love you all.” That’s The Pirate Bay spokesman Peter Sunde in the site’s blog . Following the news of The Pirate Bay’s acquisition by Global Gaming Factory X, a gaming company suspected of insider trading , significant numbers of former TPB users now believe the PB4 are lower than whale excreta. Equity marketplace Aktietorget wonders if illegal stock trading took place before the announcement of the take-over was made official.
Continue reading »Suspicions of Insider Trading Surround Pirate Bay Buyers
Confidence and trust in the BitTorrent community reached a possible all-time low yesterday as news broke that the world’s largest tracker, The Pirate Bay, would be sold to the corporate Global Gaming Factory X (GGF). The acquisition for $7.8m (SEK 60 million) came as a huge shock to most people familiar with The Pirate Bay, as GGF promised that when it takes over the site it will eliminate illicit file-sharing – the base upon which The Pirate Bay achieved its worldwide fame and enabled it to gather millions of loyal users. Indeed, most indications point to GGF being only interested in three things – the Pirate Bay’s domain name, the users and the revenue they can generate from them.
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