aktietorget

Pirate Bay bidder loses chairman

Updated at 11:25 a.m.: To include quotes from Swedish stock exchange official.

The chairman of Global Gaming Factory X, the company that announced in June it would acquire The Pirate Bay, is stepping down, according to documents filed with Swedish authorities.

Magnus Bergman filed documents on Friday with the Bolagsverket, an official registry in Sweden that stores information on companies, such as the names of directors, how many shares they own, and earnings reports. Bergman indicated in the filings that he would no longer be affiliated with Global Gaming, a company that regulators and the Swedish media have … Read more

Sweden launches criminal probe of Pirate Bay sale

Sweden's Economic Crimes Bureau has begun an investigation into some of the events surrounding the planned acquisition of The Pirate Bay by Global Gaming Factor X.

Swedish newspaper SvD reported Saturday that authorities are looking for possible insider trading after Global Gaming's stock rose sharply a week before the company announced plans to acquire The Pirate Bay--the best known BitTorrent tracker in the world, which was used by millions to pirate films.

Trading of Global Gaming shares was halted by AktieTorget, a Swedish exchange, on Friday after officials there requested proof that Global Gaming had enough money to … Read more

Pirate Bay acquisition appears to be unraveling

Update, 3:10 p.m. PDT: To include new statements from Global Gaming CEO that he was being facetious about the company going out of business. Update, 1:45 p.m. PDT: To include new statements from Global Gaming CEO that company may go out of business.

The Pirate Bay has always attracted a lot of controversy, but now scrutiny and criticism has been directed at the company bidding to take over the famed BitTorrent tracker.

The Stockholm-based company that whipped the media into a frenzy in June by announcing it would acquire The Pirate Bay, is being eyed with … Read more

Trading halted in stock of Pirate Bay bidder

A much more detailed update be found here.

Update 9:00 a.m. PDT: Clarified the reason why regulators stopped trading.

The authorities that govern one of Sweden's stock markets has halted trading in Global Gaming Factory X, the software company that is due in less than a week to complete an acquisition of The Pirate Bay.

Swedish authorities said Friday that they stopped the trading because of questions about Global Gaming's financing and its ability to complete the acquisition.

"Global Gaming Factory has not provided information showing that the full amount is secured," Aktietorget, the … Read more