Remember that Pirate Bay Acquisition? Yeah, That Might Not Be Happening Now.
Earlier this summer, the blogosphere was all a’buzz with the prospect of everyones’ favorite source for links illicit data files being sold to Swedish software firm Global Gaming Factory X.
According to a report from CNet’s Greg Sandoval, that may not be happening now.
The authorities that govern that Sweden’s stock markets have halted trading in Global Gaming Factory X, the software company that is due in less than a week to complete an acquisition of The Pirate Bay.
Swedish authorities said Friday that they stopped the trading because of questions about Global Gaming’s financing and whether the company has the money to complete the acquisition.
That Pirate Bay had found anyone willing to stake their reputation on a particularly radioactive site was amazing – truly winning the lottery, in a certain respect.
"It is our duty to examine trade in the context of large price-sensitive news," Peter Gönczi, vice president of Aktietorget, the stock market where Global Gaming’s shares are traded, told cNet. "We saw that there was a risk that information had leaked."
Could lightning strike twice, though? It’s certainly possible – that someone was willing to take the risk on Pirate Bay let the world know that there is a pricetag on the company, and if this acquisition ultimately fails, there will be future suitors for Pirate Bay’s hand.
Previous Coverage of The Pirate Bay Acquisition
The Pirate Bay Acquisition Sounding More Like Wishful Thinking
What’s Really Going On with The Pirate Bay? [Round-Up/Analysis]
The challenge, of course, will be finding a buyer who will be willing to acquiesce to TPB’s very demanding philosophical concerns as much as having the liquidity to make the buy.
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