Pirate Bay sale dead in the water? - GoFuckYourself.com

PornNewz · 07-29-2009, 11:05 AM

In a few days time Global Gaming Factory is supposed to have gathered millions of dollars in funding so they can acquire The Pirate Bay. But according to Wayne Rosso, the former CEO of Grokster who was involved with GGF recently, this is unlikely to happen. Meanwhile, The Pirate Bay is giving GGF a week before they cancel the deal.

Last month the BitTorrent community was shaken up when GGF publicly announced that it would take over The Pirate Bay and turn it into a legal outfit. They said they would harvest computing resources from some of its users, money from others and pay off copyright holders and indeed some of the users with money from ISPs. It was an incredible plan.

GGF painted a bright future for the site and two weeks ago Wayne Rosso, ex-CEO of Grokster joined GGF in their ambitious project, hoping to close some deals with record labels and get investors excited at their plans.

However, Rosso has already quit his position, claiming GGF?s CEO Mr. Pandeya was not straightforward with him.

?We decided that we?re not going risk our reputation further,? Rosso told TorrentFreak. According to Rosso he and his partners never received the payments promised to them and Mr. Pandeya made several other promises he couldn?t keep either.

?The more time we spent with Mr. Pandeya, the less confident we were,? Rosso said, adding that he feels the funding required to close the deal is not going to be raised based on the current lack of workable plans.

Not all was bad though. The support and enthusiasm of at least one record label was something he had never seen before according to Rosso. Unfortunately, it now seems that this enthusiastic response was based entirely on false promises.

?I don?t think there?s going to be any money raised with GGF?s current (lack of) plans,? Rosso told TorrentFreak. Besides Rosso and his partners, the people who were supposed to finance the acquisition were also misinformed.

When confronted with the news, a Pirate Bay insider said they would give GGF a week to get insurance from the investors, otherwise the deal is off. Pirate Bay spokesman Peter Sunde told us that he doesn?t know what will happen to the Pirate Bay in the future, when the deal is off the table. Time will tell.

Article Here

Nautilus · 07-29-2009, 11:10 AM

I don't get it - they were found guilty but the site's up and even taking some business propositions. When the damn thing will be closed already?

JFK · 07-29-2009, 11:14 AM

interesting

seeandsee · 07-29-2009, 11:16 AM

PB still working?

Tat2Jr · 07-29-2009, 11:19 AM

Quote:

Originally Posted by PornNewz

....It was an incredible plan......

natkejs · 07-29-2009, 11:22 AM

Who could've guessed ;)

96ukssob · 07-29-2009, 12:05 PM

Quote:

Originally Posted by Nautilus

I don't get it - they were found guilty but the site's up and even taking some business propositions. When the damn thing will be closed already?

i saw on tv yesterday that filings are now going after the ISP to shut them down because they will not take down the site.

personally, id just push everyone to a $40 PPS site to have some spending money when i get out of jail lol

quantum-x · 07-29-2009, 12:09 PM

Quote:

Originally Posted by Nautilus

I don't get it - they were found guilty but the site's up and even taking some business propositions. When the damn thing will be closed already?

I was under the impression that the OWNERS were found guilty - not the site

natkejs · 07-29-2009, 12:12 PM

Quote:

Originally Posted by bossku69

i saw on tv yesterday that filings are now going after the ISP to shut them down because they will not take down the site.

personally, id just push everyone to a $40 PPS site to have some spending money when i get out of jail lol

That's not going to work, they have servers in multiple locations. Besides, 3 new trackers have launched, two of them already tracking ALL of The Pirate Bay's torrents. I even read that all torrents on TPB has been updated to include at least one of these new trackers.

TPB could be shutdown tomorrow and the torrents would keep running... it's a tricky battle for the entertainment industry.

Manowar · 07-29-2009, 12:13 PM

don't think anyone will touch it now

Nautilus · 07-29-2009, 12:40 PM

Quote:

Originally Posted by quantum-x

I was under the impression that the OWNERS were found guilty - not the site

Yep I thought that too and that's fucked up imo - it's like finding the owners of the crackhouse guilty but then letting the crackhouse itself to keep doing business as usual.

Zorgman · 07-29-2009, 06:26 PM

That's kind of funny.

Part 1. Hey, we're selling out - Thanks for your money but fuck you.

Part 2. Hey, ummh.. sale didn't work out, do you still love me?

Not sure if their members would be too happy about this.

Robocrop · 07-29-2009, 06:31 PM

Quote:

Originally Posted by Zorgman

That's kind of funny.

Part 1. Hey, we're selling out - Thanks for your money but fuck you.

Part 2. Hey, ummh.. sale didn't work out, do you still love me?

Not sure if their members would be too happy about this.

1. They have more money than they can spend secured offshore.

2. People are always in the hunt for torrents.

flip.green · 07-29-2009, 11:04 PM

Quote:

Originally Posted by Zorgman

That's kind of funny.

Part 2. Hey, ummh.. sale didn't work out, do you still love me?

Not sure if their members would be too happy about this.

Do you seriously think the users give 2 squirrels nuts about how the owners of the site feel about them as long as the torrents work?

donkevlar · 07-30-2009, 01:49 AM

I love bad news headline puns, did you come up with this one yourself or did it come with the article?

07-29-2009, 11:05 AM	#1
PornNewz Confirmed User Join Date: Jul 2008 Posts: 851	Pirate Bay sale dead in the water? In a few days time Global Gaming Factory is supposed to have gathered millions of dollars in funding so they can acquire The Pirate Bay. But according to Wayne Rosso, the former CEO of Grokster who was involved with GGF recently, this is unlikely to happen. Meanwhile, The Pirate Bay is giving GGF a week before they cancel the deal. Last month the BitTorrent community was shaken up when GGF publicly announced that it would take over The Pirate Bay and turn it into a legal outfit. They said they would harvest computing resources from some of its users, money from others and pay off copyright holders and indeed some of the users with money from ISPs. It was an incredible plan. GGF painted a bright future for the site and two weeks ago Wayne Rosso, ex-CEO of Grokster joined GGF in their ambitious project, hoping to close some deals with record labels and get investors excited at their plans. However, Rosso has already quit his position, claiming GGF?s CEO Mr. Pandeya was not straightforward with him. ?We decided that we?re not going risk our reputation further,? Rosso told TorrentFreak. According to Rosso he and his partners never received the payments promised to them and Mr. Pandeya made several other promises he couldn?t keep either. ?The more time we spent with Mr. Pandeya, the less confident we were,? Rosso said, adding that he feels the funding required to close the deal is not going to be raised based on the current lack of workable plans. Not all was bad though. The support and enthusiasm of at least one record label was something he had never seen before according to Rosso. Unfortunately, it now seems that this enthusiastic response was based entirely on false promises. ?I don?t think there?s going to be any money raised with GGF?s current (lack of) plans,? Rosso told TorrentFreak. Besides Rosso and his partners, the people who were supposed to finance the acquisition were also misinformed. When confronted with the news, a Pirate Bay insider said they would give GGF a week to get insurance from the investors, otherwise the deal is off. Pirate Bay spokesman Peter Sunde told us that he doesn?t know what will happen to the Pirate Bay in the future, when the deal is off the table. Time will tell. Article Here __________________ Pornnewz.com PR Round up, No one is safe!

07-29-2009, 11:10 AM	#2
Nautilus Confirmed User Industry Role: Join Date: Sep 2002 Posts: 1,631	I don't get it - they were found guilty but the site's up and even taking some business propositions. When the damn thing will be closed already? __________________ . . FerroCash - 50+ quality niche paysites to promote \| 100K+ FHGs \| Check recently added galleries New sites \| Pantyhose \| Nylon \| Shemale \| Strapon \| Lesbian \| Mature/MILF \| Anal \| Old&Young \| Gay \| Feet Morphing RSS feeds - check them at the Official blog\| Page Peels (Sample 1 : Sample 2) Wish to review or evaluate our sites before promoting them? Contact me for free password. ICQ: 38.89.22.76 e-mail: support AT ferrocash.com

07-29-2009, 11:14 AM	#3
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	interesting __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

07-29-2009, 11:16 AM	#4
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	PB still working? __________________ BUY MY SIG - 50$/Year Contact here

07-29-2009, 11:22 AM	#6
natkejs Confirmed User Industry Role: Join Date: Jan 2003 Location: Nomad Land Posts: 1,640	Who could've guessed ;) __________________

07-29-2009, 12:13 PM	#10
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	don't think anyone will touch it now

07-29-2009, 06:26 PM	#12
Zorgman Confirmed User Join Date: Aug 2002 Location: Sydney, Australia Posts: 6,103	That's kind of funny. Part 1. Hey, we're selling out - Thanks for your money but fuck you. Part 2. Hey, ummh.. sale didn't work out, do you still love me? Not sure if their members would be too happy about this. __________________ ---

07-30-2009, 01:49 AM	#15
donkevlar Confirmed User Join Date: Sep 2006 Posts: 4,325	I love bad news headline puns, did you come up with this one yourself or did it come with the article? __________________ [email protected]