shareholders
Fresh Pirate Bay Purchase Attempt By Four Potential Buyers
Earlier this year, the shareholders of Global Gaming Factory agreed to acquire the world’s largest BitTorrent tracker. All the company had to do was come up with $7.8m (SEK 60 million), half of which to be paid in shares. As anonymous investors pulled out and promises from the shareholders that they would come up with the funds themselves came to nothing, the deadline for the sale passed and the site stayed in the hands of Reservella, the Seychelles-based holding company that acquired The Pirate Bay two years ago.
Continue reading »GGF Shareholders Push Through Pirate Bay Acquisition
The ownership of the site will be transferred inside a month, and within that period GGF will have to pay 60 million kroner ($7.8m) to the Pirate Bay’s current owners – Reservella. Today, GGF shared its plans with the shareholders, who all decided in favor of the deal. After several investors decided to pull out , GGF’s shareholders – including the CEO who holds more than half of the shares – will finance the acquisition themselves.
Continue reading »Pirate Bay Buyer Loses Several Investors
From the moment it was announced, the Pirate Bay acquisition has been surrounded by controversy. According to an announcement made by the intended buyer, this has caused several investors to pull out of the deal. Despite all the negative media coverage, GGF CEO Hans Pandeya is confident that the deal will go through.
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