Feeds

Pirate Bay suitor gets backing for buy

Not a done deal yet, though...

Security for virtualized datacentres

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. ®

Beginner's guide to SSL certificates

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.