global gaming

After more than a year of flirting with torrent sites, including the now infamous attempts to buy The Pirate Bay, the perilous financial position of Hans Pandeya's Global Gaming Factory X has reached a peak.

Two creditors, who are together owed more than $220,000, have demanded that the courts immediately put the company into bankruptcy.

GGF's overall debts are thought to be at least double that.

Sweden’s Global Gaming Factory X has managed to hit the headlines every few months since the 2009 announcement it would buy The Pirate Bay and turn it into a miracle site.

Global Gaming Factory’s planned acquisition of The Pirate Bay last summer surprised BitTorrent’s friends and foes alike.

Eventually the deal didn't go through due to financial problems, but after a few months of silence the company's CEO returns to the stage.

Sure, the Pirate Bay was shut down by its ISP two days ago but the story is far from over.

The Pirate Bay’s future remains far from certain following its acquisition by Global Gaming Factory (GGF).

We were shell-shocked when Global Gaming Factory X AB, a Swedish software corporate, announced it was acquiring The Pirate Bay for $7.8 Million.

Today, Swedish software company Global Gaming Factory X AB has announced it has acquired The Pirate Bay website for 60 million SEK, which is roughly the equivalent of 7.8 million dollars.

This was almost immediately confirmed by The Pirate Bay.

Although the title of their post is entitled “TPB might change owner,” from the text of the post it is obvious that the site has indeed been sold.