Feeds

Pirate Bay suitor gets backing for buy

Not a done deal yet, though...

5 things you didn’t know about cloud backup

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. ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.