No smooth sailing for Pirate Bay sale
August 24, 2009
There is uncertainty surrounding the purchase of file-sharing website The Pirate Bay by Swedish-based Global Gaming Factory (GGF). Trading in GGF shares has been suspended and there are reports that the firm’s chairman – Magnus Bergman – has resigned.
GGF paid £4.7 million (E5.4m) to take over The Pirate Bay in June. The Swedish stock market is now investigating whether GGF has sufficient funds to complete the sale.
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