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"Strong doubts" about Pirate Bay acquisiti

evilandi (2800) writes | more than 4 years ago

The Almighty Buck 0

evilandi writes "cnet reports: Wayne Rosso, the former president of Grokster, has walked away from Global Gaming Factory because of "strong doubts" the Swedish company has enough funds to acquire The Pirate Bay. Global Gaming, a Swedish software company, made big news last month by announcing plans to acquire The Pirate Bay for $7.8 million. Hans Pandeya, Global Gaming's CEO, then hired Rosso to negotiate legal music and film licensing deals on the company's behalf. "I and my colleagues have very strong doubts that the funding is in place," Rosso said. "And there are other issues regarding Mr. Pandeya's credibility that trouble us greatly.""
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