A proposed deal to buy The Pirate Bay and turn it legit, which never made sense in the first place, now looks all but dead. The Swedish software/Internet cafe company that’s supposed to buy the file-sharing haven for $8 million now says investors that were supposed to finance the deal have disappeared. And it says this is the fault of the U.S. media, which supposedly spooked said investors. Sorry!
The more I hear about the supposed plan for an Internet cafe company to buy the world’s best-known illegal file-sharing site, the more I think that the whole thing is a farce.
So this one doesn’t even faze me: Swedish regulators are looking into insider trading charges at Global Gaming Factory X, which saw shares jump several days before it said it would buy The Pirate Bay.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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