Surprise! The Pirate Bay's Buyers Are Extremely Shady

We may earn a commission from links on this page.

Heroically snatched from near-death by a mysterious, benevolent gaming company, the Pirate Bay had a rosy future laid out ahead of it. But hey, that company? They're turning out to be kind of rotten, and possibly fraudulent.

A few days ago, amidst talk of how a new, improved, crowd-powered Pirate Bay would work should the sale go through, the trading of Global Gaming Factory shares on the Swedish Aktietorget exchange was frozen. Why? Its administrators found out that the CEO owes quite a few people quite of bit of money, including the government, for taxes. Today, the company's chairman has stepped down for no obvious reason, and the stock exchange has said that they're going to keep a freeze on stock trading until they figure out what on earth is going on. Something strange, is a good guess!


What does this mean for the Pirate Bay? Well, GGF's debt-ridden CEO has previously said that the deal to purchase the torrent site—which, remember, hasn't actually happened yet—would be "rubber stamped" by shareholders by Thursday. That date is pretty much out of the question now, and the whole plan is starting to look like it was doomed from the start. So what was the point? Was it some kind of weird share-inflating publicity stunt? An intentional distraction? An earnest bid to buy an illegal filesharing site, by idiots? As much as I like the last one, I don't think that's it. [TheLocal via Slashdot]