Feeds

Pirate Bay suitor gets backing for buy

Not a done deal yet, though...

Choosing a cloud hosting partner with confidence

Global Gaming Factory X (GGF) shareholders have unanimously given the thumbs up to the firm's plans to buy The Pirate Bay.

The Swedish company's boss, Hans Pandeya, told journalists at a press conference this afternoon that the 60m kronor ($7.7m) acquisition would go ahead.

Their seal of approval paves the way for ownership of the notorious BitTorrent site to change hands next month, assuming GGF can pony up the funds.

As we reported this morning, the Swedish stock exchange is mulling having the firm delisted from AktieTorget. Trading in GGF has been halted on the exchange since 21 August.

Several nervous investors pulled out of the proposed buyout of TPB, which was tabled in June, following the suspension.

Despite that, GGF's shareholders have today given the deal a green light. Pandeya said the acquisition would be paid for by shareholders. He holds half of the shares in the cybercafe software maker's business.

However, securing backing from all the company's shareholders does not mean this is a done deal, given the grumbles coming out of AktieTorget earlier today.

This one looks set to run and run. Or not. ®

Security for virtualized datacentres

More from The Register

next story
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.