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Pirate Bay Buyer Sued For Bankruptcy

pharazon writes "Global Gaming Factory (GGF), the prospective buyer of file-sharing site The Pirate Bay, has been sued in the Stockholm District Court for bankruptcy due to an unpaid debt of up to 1.4 million SEK (Swedish Crowns, roughly 200k USD). The issuer is GGF's trading partner, Advatar Systems. GGF was recently de-listed from the Aktietorget.se equity market due to financial and reporting failures, but was able to re-list later. The Swedish Tax Office was also claiming large sums of unpaid taxes from the owners of GGF. The discussion in the Swedish media has been skeptical about the Pirate Bay deal due to financing issues."

15 of 102 comments (clear)

  1. Re:Pirate Bay is dead. by Anonymous Coward · · Score: 5, Funny

    Your local retailer?

  2. Re:Pirate Bay is dead. by QuantumG · · Score: 3, Insightful

    Yep, because 12 out of my last 12 torrents all being tracked by The Pirate Bay tracker really indicates that too.

    --
    How we know is more important than what we know.
  3. Re:Pirate Bay is dead. by mqduck · · Score: 2, Informative

    Mininova is a really good choice and is pretty popular. Torrentz.com is a good index of torrents from other sites, though it's not clear why torrents are sometimes missing.

    --
    Property is theft.
  4. Smell of desperation by matty619 · · Score: 5, Insightful

    That whole deal stank of desperation from the getgo. The Napster sale earlier this decade should have been clue enough that you can't take a brand known for being A) Free, and B) illegal, and somehow turn a profit simply by using the name in a legitimate marketplace.

  5. Euro by Anonymous Coward · · Score: 2, Informative

    1.4 million Swedish kronor = 138 545.887 Euros

    1. Re:Euro by Zontar+The+Mindless · · Score: 3, Informative

      Those of us who actually do use Swedish kronor couldn't care less what you Ausländer carry around in lieu of hard currency. ;)

      --
      Il n'y a pas de Planet B.
  6. Re:Pirate Bay is dead. by DemonBeaver · · Score: 2, Insightful

    Dunno, most of the torrents found on various websites still use the TPB trackers, which is sometimes porblematic

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  7. The Deal Never Closed by xombo · · Score: 2, Insightful

    They never completed the deal. TPB continues to be operated by the founders. This only affects the sale, which everyone was against anyway.

  8. Ahoy, me hearty! by Memroid · · Score: 2, Funny

    T' me,
    Yo, Ho, Yo, Ho,
    It's "Talk Like A Pirate" Day!
    That time in September when sea dogs remember
    That grown-ups still know how ta play!
    When wenches are curvy and dogs are all scurvy
    And a soft-wear patch covers your eye,
    Ta hell with our jobs, for one day we're all swabs
    And buccaneers all till we die!

    So hoist up the mainsils and shut down your brain cells,
    They only would get in the way,
    Avast there, me hearty, we're havin' a party,
    It's "Talk... Like... A Pirate" Day!

  9. Re:Pirate Bay is dead. by strstr · · Score: 2, Interesting

    Better still, there's btjunkie.org.

  10. Re:There's very few swedish crowns.. by Vintermann · · Score: 2, Informative

    "Crowns" is literally what kronor means. It's a perfectly OK translation.

    --
    xkcd is not in the sudoers file. This incident will be reported.
  11. Re:There's very few swedish crowns.. by skrolle2 · · Score: 2, Insightful

    There are literal translations of the words yen, dollar, renminbi, ringgit, peso, and several other currencies, but you don't translate those, do you?

  12. Re:There's very few swedish crowns.. by Zontar+The+Mindless · · Score: 3, Informative

    Yes, and I bought a coffee lattè yesterday at Coffee By George at Gullmarsplan Station here in Stockholm, and the girl said, "That's 37 crowns, please". Just like virtually every other Swedish person I've met in 2+ years here says when speaking English (which virtually all Swedes do). So please come over here and tell them that they've all got it wrong.

    Tack för att du spelar!

    --
    Il n'y a pas de Planet B.
  13. Re:Pirate Bay is dead. by mtmra70 · · Score: 2, Insightful

    Except mininova filters/removes torrents now.

    http://news.slashdot.org/article.pl?sid=09/05/08/0512246

  14. Re:Pirate Bay is dead. by Goaway · · Score: 2, Insightful

    Don't worry, nobody is really expecting you to be honest.