Prospective buyer of The Pirate Bay gets delisted

Global Gaming Factory X (GGF), which is trying to buy the file-sharing site The Pirate Bay, has been delisted from the Swedish stock exchange AktieTorget, putting the acquisition plans in jeopardy.

The delisting will be carried out immediately, the stock exchange said on Wednesday.

After a meeting with the company on Aug. 26, AktieTorget concluded that GGF lacks the ability to inform its stockholders about the proposed deal in a correct, relevant and credible way, it said then. AktieTorget's disciplinary committee then took a closer look at GGF and the result of its report led to the delisting.

GGF infractions have been "grave," according to a statement from AktieTorget. The infractions are, for example, related to the way it has informed the market about the funding of The Pirate Bay acquisition and negotiations with a global company regarding music rights.

The board of the stock exchange also says it apologizes for the way company has misled the market.

AktieTorget first halted trading in GGF's shares on Aug. 21.

What will happen to the acquisition of The Pirate Bay remains to be seen. But GGF CEO Hans Pandeya still put on a brave face, and has said that the deal won't be affected, according to Swedish daily Svenska Dagbladet.

GGF is supposed to pay 60 million Swedish kronor (US$8.52 million) in cash for The Pirate Bay.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?