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Sweden Launches Criminal Probe of Pirate Bay Sale

Posted by Soulskill on from the coming-and-going dept.

uolamer writes with word that the Economic Crimes Bureau in Sweden has opened an investigation into the upcoming purchase of The Pirate Bay by Global Gaming Factory X. Quoting: "The Swedish newspaper SvD reported Saturday that authorities are looking for possible insider trading after Global Gaming's stock jumped a week before they announced plans to acquire The Pirate Bay. Trading of Global Gaming shares was halted by AktieTorget, a Swedish exchange, on Friday after officials there requested proof that Global Gaming had enough money to complete the sale. Global Gaming has yet to produce the required documentation. Until officials get the proof they need, they said they won't allow the stock to be traded again."

1 of 48 comments (clear)

  1. Plans for profit on Web 3.0 by nostriluu · · Score: 3, Funny

    Their plan is to make money off the residue of what TPB was. Their projection is that bots and spiders alone will generate enough advertising dollars to pay for the sale. Also they are working on a co venture with The Onion to expand on http://thepiratebay.org/legal

    PS why is comment posting so horrible (Using Firefox on Linux). its laggy and loses focus (not me, the comment box). Just give me plain text, please.