In an event that was largely expected after so much build up in the drama it seems ggf have failed to deliver on their purchase payment to obtain the pirate bay domain.
http://torrentfreak.com/category/hot-off-the-press/Little over a month ago, Global Gaming Factory (GGF) announced that its shareholders had agreed to buy The Pirate Bay – the only thing that stood in their path was the actual money transfer. Today the deadline to transfer the money passed silently, putting an end to the deal and three turbulent months.
Ever since GGF announced that it would take over The Pirate Bay, the company has bombarded the press with optimistic plans for the site, but was later featured largely due to the financial position of its CEO. All along the company had confidence in its plans for the new and ‘legal’ Pirate Bay, but now it seems that they were too good to be true.
So what’s next? We assume that Hans Pandeya will soon offer an explanation for his failure to transfer the funds. In the meantime, the people involved in the Pirate Bay will probably be looking for a new buyer, perhaps one that will actually be able to pay for the site.
I think most folks where expecting this especially when the prospective new owner was noticed to be in severe monetary distress, the question is now of course will there be a second buyer in the wings ?
