Feeds

Pirate Bay buyer admits doubts over deal

Also, sky is blue

Choosing a cloud hosting partner with confidence

GGF, the troubled Swedish firm aiming to buy BitTorrent tracker the Pirate Bay, has admitted the deal may be crocked.

"At present, GGF cannot discern whether the acquisition will be completed regardless of the outcome of the trial," it said in a statement, referring to its ongoing travails in the bankruptcy courts.

In September, GGF, a publicly traded company, was hit with a winding up order by one of its creditors, a former director. The firm's shares were suspended in August after it failed to demonstrate funding was in place.

Despite the obvious problems, GGF's boss Hans Pandeya had continued to insist its $7.7m Pirate Bay deal will go through.

Today GGF struck a different tone. "The acquisition process stalled because of a bankruptcy filing against GGF and despite several attempts by GGF to clarify the situation uncertainty remains," it said.

The firm had planned to take Pirate Bay legit by negotiating licensing for the hundreds of thousands of illegally-shared files it tracks.

A bankruptcy hearing is scheduled in November. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
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

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.