Global Gaming Factory Gets New Listing on Swedish Exchange

Authored by Mark Hefflinger on September 16, 2009 - 9:40am.

Stockholm, Sweden - Shares of Global Gaming Factory, the Swedish firm in the process of acquiring file-sharing hub The Pirate Bay, have been placed on a new stock exchange, CNET News.com reported.

Global Gaming shares, which previously traded on the Aktietorget exchange, will now trade on the Mangold Fondkommission, which focuses on smaller companies.

The Aktietorget delisted Global Gaming's shares because the company did not provide sufficient evidence it had funding in place to complete the Pirate Bay deal.

The company's ability to close its deal to acquire The Pirate Bay has been in question since the time it was announced, with some investors backing out, and CEO Hans Pandeya insisting that he could secure new funding, or back the deal himself.

Meanwhile, after a court ordered Black Internet, the Pirate Bay's ISP, to disconnect the site, the new bandwidth provider for The Pirate Bay was reportedly contacted by Hollywood copyright interests within 20 minutes of the site's going live on its servers, according to TorrentFreak.

"She [representative from Hollywood] was bitching a bit and asked me to see if I would turn off the bandwidth directly, or receive a court order instead," 'Patrick,' who owns a company that provides bandwidth to The Pirate Bay's new ISP, told TorrentFreak.

http://snipurl.com/rwwgi (TorrentFreak)