Feeds

GGF says plenty of treasure for Pirate Bay purchase

It's not Wayne's World, it's mine

High performance access to file storage

Global Gaming Factory X AB (GGF) has broken its silence about the planned acquisition of notorious BitTorrent tracker site The Pirate Bay, by saying it expects the deal to complete on 27 August.

The move follows days of uncertainty about the Swedish company's ability to fund any takeover of TPB, after ex-Grokster boss Wayne Rosso upped sticks just a few short fractious weeks after joining forces with GGF.

The internet cafe software firm's CEO Hans Pandeya issued a robust statement, presumably to help calm any jangling investor nerves, following Rosso's departure.

He claimed GGF can pony up funds to buy and then legalise The Pirate Bay.

"A group of investors are prepared to inject 30m [kronor] relating to the cash portion of the purchase price of The Pirate at the date of acquistion," said the company.

The statement added that GGF was "in final negotiations with a global player on a 'hunt pirates agreement' which is expected to serve as a model for the entertainment industry."

Additionally the outfit is also mulling a rebrand. If the buyout completes successfully, GGF may be renamed The Pirate Bay, said an upbeat-sounding Pandeya.

However, Rosso's name was absent from the statement (Google translation from Swedish to English).

Meanwhile, TPB mouthpiece Peter Sunde, aka BrokeP, has been grumbling about looking for a "free lawyer" to represent him in a lawsuit brought by an anti-piracy group in the Netherlands. But that's not all that has been occupying his mind - BrokeP has also been pontificating on the ageing process.

"You know you're getting old when you're at home 1am to find lint in your navel for the first time and you almost puke by the cheesy smell," he mused. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.