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Pirate Bay suitor gets backing for buy

Not a done deal yet, though...

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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. ®

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