Prospective Pirate Bay buyer loses key technology partner

The deal to buy the file-sharing site is dealt another blow

The deal between Global Gaming Factory (GGF) X and Peerialism, whose P-to-P (peer-to-peer) technology was supposed to be a key component of the new Pirate Bay's infrastructure, has been called off, according to Peerialism's CEO Johan Ljungberg.

The deal's Wednesday deadline passed without GGF coming up with the required 100 million Swedish kronor (US$14.3 million).

The deal's demise does not surprise Ljungberg. Given GGF's financial issues, Peerialism has been working under the assumption that it would not happen since GGF's offer became public in June, he said.

GGF did not reply to calls for a comment.

On Monday, GGF said it had received a 2 million Swedish kronor loan from private investors. It's the first in a number of loans that will be used to finance the acquisition of the file-sharing site The Pirate Bay, according to GGF. The company maintained it wants to acquire The Pirate Bay for 60 million Swedish kronor.

Also, on Thursday the Swedish Enforcement Authority said it has decided to freeze some of the assetsof GGF CEO Hans Pandeya. Two apartments are affected, according to a spokeswoman. The government sparing his stake in GGF is a small victory for Pandeya.

The Swedish agency moved to freeze the assets because GGF's former CTO Johan Sellström claims Pandeya owes him about 2.5 million Swedish kronor plus interest. On Sept. 24 the Stockholm district court found that there is enough evidence to freeze assets that equal the amount of the claim in anticipation of a future trial, it said.

Join the PC World newsletter!

Error: Please check your email address.

Tags pirate baypeer-to-peer

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Mikael Ricknäs

IDG News Service
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?