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Peerialism was supposed to be a linchpin of the new Pirate Bay, but the company is owed money and hasn't been made privy to vital details. CEO is losing confidence in deal.
Global Gaming Factory X says its deal to acquire The Pirate Bay will go through, but nothing about this deal seems certain.
roundup Recent days have been tumultuous for the BitTorrent tracker and its would-be buyer, Global Gaming Factory X.
The Pirate Bay may be breathing its last breath, but the site revered by file-sharers and reviled by copyright owners has likely given birth to numerous progeny.
Magnus Bergman has filed documents to end his affiliation with Global Gaming Factory X, the company attempting to acquire The Pirate Bay.
Swedish newspaper says that regulators have halted trading in Global Gaming and that an investigation into insider trading has been launched.
Financial questions about the company bidding for the BitTorrent tracker, as well as its CEO, cast doubt on whether a revamped Pirate Bay will launch anytime soon.
The story incorrectly stated the purchase price for Peerialism. It is $12.9 million.
Global Gaming Factory X, which develops software and runs a series of Internet cafes, is buying the file-sharing site for $7.76 million.