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BitTorrent is Selling For $140M To Justin Sun and Tron (techcrunch.com)
BitTorrent, an early mover (and currently the largest player) in decentralised computing architecture to distribute and store data, is being sold for $140 million in cash to Justin Sun and his blockchain media startup Tron, TechCrunch has learned. From a report: Variety yesterday reported that a sale of the company to Sun closed last week, without naming a price, following rumors that circulated for at least a month that the two were in negotiations. Shareholders have now been sent the paperwork to sign off on the deal, and that has detailed the $140 million price. Some are, we understand, still disputing the terms, as more than one person claims to have made the introduction between Sun and BitTorrent. A source says it's unlikely that the disputes will actually kill the acquisition, given how long BitTorrent has been looking for a buyer. BitTorrent most recently said it has about 170 million users of its products.
Have the Slashdot editors been replaced with drunk monkeys?
by political trolls and Creimer trolls.....nothing to see here...move along...
You're messin' with my Zen Thing, man.....
Sounds like BitTorrent is about done for.
But who cares about a single adware-ridden client when you have so many better alternatives? It's not even the original client but something that company bought to replace its buggy and bloated old code, then proceed to mismaintain.
The creatures outside looked from Alt-Right to Antifa; but already it was impossible to say which was which.
My response was more: Wait BitTorrent is a company? With actual Value??
Most of the torrent sites I'm on banned their client a long time ago for lots of good reasons.. I mean maybe 170M users worth of basic "I downloaded this" user data is technically worth "something" these days but I could think of so many better things to blow $140M on...
NothingOfValueWas..Bought.
I don't understand - BT is an open-source protocol... what the hell are they selling?