This Pirate Bay sale (and subsequent legalization) is really starting to annoy me. Rumors of the deal falling apart leaked out last month, claiming financial struggles and infighting at would-be purchaser Global Gaming Factory. Then yesterday saw an announcement that the deal was done. Now Torrent Freak reports that a key partner in the restructuring of the new Pirate Bay is also calling shenanigans:
Peerialism, the company set to provide the revolutionary P2P technology behind the new Pirate Bay, has announced that it is doubtful that it will do any business with Global Gaming Factory. GGF are supposed to buy Peerialism, but CEO Johan Ljungberg said that’s doubtful since the company has no money.
In addition to having little to no money to buy The Pirate Bay for 60 million kronor ($7.8m), GGF also has to find 100 million Swedish kronor to buy Peerialism, the company under agreement to provide the core technology behind the project.
However, Peerialism CEO Johan Ljungberg said today that he thinks there will be no business done between the two companies.
“The [shareholders] meeting gave us no direct answer at all, but based on declarations by GGF before and after the meeting, and the reporting that has taken place in recent days, we conclude that GGF will not succeed in obtaining any financing,” Ljungberg told di.se.
The agreement between Peerialism and GGF states that the full purchase price must be paid by September 30, which Ljungberg says is unlikely. I’ve said this before, but whodathunk a purchase of The fucking Pirate Bay would be mired in vague business practices? Despite insistence that the deal is done (done, done, done – swearsies), it seems that this whole thing could fall apart at any minute. At least I’ve had the fun of typing all these kooky European names.
