Hans Pandeya

Report: Pirate Bay Being Courted by Four New Suitors

Authored by Mark Hefflinger on October 28, 2009 - 9:45am.

Stockholm, Sweden - In the wake of the unraveling of Global Gaming Factory's unsuccessful attempt to acquire The Pirate Bay, as many as four new suitors have emerged with an eye towards purchasing the file-sharing hub, TorrentFreak reported, citing Sweden's Dagens Industri. Reservella, the Seychelles-based holding company that currently owns the Pirate Bay, is reportedly currently in talks with GamersGate, a Swedish online games firm.

Pirate Bay Buyer: Deal in Doubt; Operators Deny Ownership

Authored by Mark Hefflinger on October 8, 2009 - 9:39am.

Stockholm, Sweden - Hans Pandeya, the CEO of would-be Pirate Bay buyer Global Gaming Factory (GGF), has admitted in a statement that the company is unsure whether the deal will be completed, Sweden's The Local reports. Pandeya recently saw some of his assets seized and is facing bankruptcy proceedings; the GGF executive had previously said he would secure the acquisition with his own shares, but the company was recently deslited from a Swedish exchange. "At present, GGF cannot discern whether the acquisition will be completed regardless of the outcome of the trial," the company said in a statement.

Pirate Bay Acquisition Deadline Passes with No Deal

Authored by Mark Hefflinger on October 1, 2009 - 9:44am.

Stockholm, Sweden - Wednesday's purported deadline for Global Gaming Factory's acquisition of file-sharing hub The Pirate Bay came and went without any announcement, and the financial troubles of CEO Hans Pandeya appear to have sunk the deal, TorrentFreak reported.

Pirate Bay Buyer Pandeya Has Assets Seized in Sweden

Authored by Mark Hefflinger on September 28, 2009 - 8:07am.

Stockholm, Sweden - A Swedish court last week seized the assets of Hans Pandeya, the CEO of prospective Pirate Bay buyer Global Gaming Factory, CNET News.com reported.

Pirate Bay Buyer Global Gaming Facing Possible Bankruptcy

Authored by Mark Hefflinger on September 21, 2009 - 11:49am.

Stockholm, Sweden - Global Gaming Factory, the company looking to acquire file-sharing hub The Pirate Bay, now faces a claim from a creditor that could force the company to declare bankruptcy, Sweden's The Local reported.

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.

Shares of Pirate Bay Buyer Delisted in Sweden

Authored by Mark Hefflinger on September 10, 2009 - 10:53am.

Stockholm, Sweden - Global Gaming Factory (GGF), the Swedish firm angling to acquire file-sharing hub The Pirate Bay, has seen its shares delisted from the AktieTorget stock exchange after it was found to have misled investors, according to reports. Trading in GGF shares was halted in August, with the exchange saying then that trading would not resume until the company proved it had sufficient funds in place to complete its $7.8 million acquisition of The Pirate Bay.

Global Gaming CEO's Tax Debt Leads to Car, Motorcycle Repos

Authored by Mark Hefflinger on August 31, 2009 - 10:44am.

Stockholm, Sweden - Potentially increasing doubts of his ability to close his company Global Gaming Factory's (GGF) deal to acquire file-sharing hub The Pirate Bay, Hans Pandeya saw his car and motorcycle repossessed this weekend after a tax debt of over $110,000 went unpaid, TorrentFreak reported. The company announced Thursday that shareholders had approved the Pirate Bay deal, through several investors had backed out -- leaving Pandeya to assert that he would help cover the acquisition cost with his own GGF shares.

Global Gaming Shareholders Approve Pirate Bay Deal

Authored by Mark Hefflinger on August 27, 2009 - 8:00am.

Stockholm, Sweden - Following some eleventh-hour maneuvers, Global Gaming Factory announced on Thursday that its shareholders have approved its plan to acquire file-sharing hub The Pirate Bay for $7.8 million, according to published reports. Shortly before the shareholder meeting, several key investors in the deal backed out, "because of serious concerns following the recent turbulence in the media," the company said in a statement.

CEO of Pirate Bay Buyer Posts File-Sharing Manifesto

Authored by Mark Hefflinger on August 26, 2009 - 10:40am.

Stockholm, Sweden - Hans Pandeya, CEO of Global Gaming Factory, which hopes this week to close its $8.5 million acquisition of file-sharing hub The Pirate Bay, on Thursday published a manifesto on file-sharing, that indirectly aims to spur his shareholders to approve the deal, Wired.com reported.

Pirate Bay Taken Offline; Global Gaming Deal in Question

Authored by Mark Hefflinger on August 24, 2009 - 11:03am.

Stockholm, Sweden - As questions rise over the ability of Global Gaming Factory (GGF) to secure investors for its $7.8 million acquisition of The Pirate Bay, the Swedish file-sharing hub was taken offline by local authorities on Monday, TorrentFreak reported. Responding to a court order sought by several Hollywood movie studios, authorities ordered Black Internet, The Pirate Bay's main bandwidth supplier, to disconnect the site or else incur over $70,000 in penalties.

Trading in Pirate Bay Buyer's Stock Halted; Deal in Question

Authored by Mark Hefflinger on August 21, 2009 - 11:12am.

Stockholm, Sweden - Trading in potential Pirate Bay buyer Global Gaming Factory was halted on the Swedish exchange on Friday, as the Aktietorget investigates whether the company has sufficient funds to close the deal, CNET News.com reported. "Aktietorget stock exchange has been in touch with the investment bank that is managing the investors and they have confirmed the $60 million Swedish crowns," GGF CEO Hans Pandeya told CNET. "We honored the investors requests that we would not disclose their personal details until after the acquisition, and we will discuss with the investment bank how the information can be revealed."

Pirate Bay Buyers in License Talks With Swedish Rights Society

Authored by Mark Hefflinger on August 18, 2009 - 11:04am.

Stockholm, Sweden - Global Gaming Factory (GGF), the Swedish firm in the process of acquiring file-sharing hub The Pirate Bay and turning it into a legal, paid site, has announced licensing talks with the Swedish Performing Rights Society (STIM), TorrentFreak reported.

Labels Look to Block Pirate Bay Founders From Sale Profits

Authored by Mark Hefflinger on August 7, 2009 - 9:15am.

San Francisco - The major record labels, through their IFPI trade body, are pressuring Global Gaming Factory to turn over any money they tender to purchase file-sharing hub The Pirate Bay to them instead, CNET News.com reported. Global Gaming Factory agreed in June to acquire The Pirate Bay for $7.8 million, and turn the service into a legitimate, copyright-respecting operation.

Pirate Bay's New Owners to Seek Nasdaq Listing

Authored by Mark Hefflinger on August 5, 2009 - 9:09am.

Stockholm, Sweden - Global Gaming Factory (GGF), the Swedish company that agreed to acquire file-sharing hub The Pirate Bay for $7.8 million in June, has plans to seek a listing for the company on the Nasdaq exchange, TorrentFreak reported. GGF chief executive Hans Pandeya says that most of the investors backing the deal, which is expected to close on Aug. 27, have come from the U.S.

Global Gaming Factory Rejects Multiple Bids for Pirate Bay

Authored by Mark Hefflinger on July 31, 2009 - 5:43am.

Los Angeles - Global Gaming Factory, the Swedish company currently in the process of acquiring file-sharing hub The Pirate Bay, received a $10 million bid for the service from John Fanning, the former CEO of Napster -- but the bid was rejected, TorrentFreak reports. Fanning, the uncle of Napster creator Shawn Fanning, also offered to invest $2 million in GGF's acquisition of The Pirate Bay; it's unclear whether that offer will be accepted.

Dutch Court Orders Pirate Bay Closed; GGF Says Deal Near

Authored by Mark Hefflinger on July 30, 2009 - 11:03am.

Amsterdam - A Dutch court has ordered Swedish file-sharing hub The Pirate Bay to shutter its operations in The Netherlands, or its operators will face a fine of $42,000 each per day, TorrentFreak reported. The case against the site was brought by Dutch anti-piracy agency BREIN.

Ex-Grokster Head Wayne Rosso Ends Ties With Pirate Bay Buyers

Authored by Mark Hefflinger on July 28, 2009 - 11:30am.

San Francisco - Wayne Rosso, the former president of file-sharing service Grokster who said last week he had been tapped to help Global Gaming Factory turn The Pirate Bay into a legal download service, has severed ties with the company, CNET News.com reported.

Pirate Bay Buyer Reaffirms Purchase; Faces Dutch Lawsuit

Authored by Mark Hefflinger on July 22, 2009 - 10:23am.

Stockholm, Sweden - After news reports from a court hearing in the Netherlands on Tuesday cast doubt on Global Gaming Factory's (GGF) deal to acquire file-sharing hub The Pirate Bay, CEO Hans Pandeya countered in an interview that "there are no changes in our plan," CNET News.com reported. The reports cited an attorney for GGF as saying in a Dutch court that the deal would hinge on whether or not GGF was able to turn The Pirate Bay into a legitimate business.

New Pirate Bay Owners Hope to Harness P2P, Pay Users

Authored by Mark Hefflinger on July 7, 2009 - 6:49am.

Stockholm, Sweden - Global Gaming Factory, the company that bought notorious file-sharing hub The Pirate Bay on June 30 for $7.8 million, has said it plans to harness the computing power of its peer-to-peer network of 20 million users and sell excess bandwidth to ISPs, according to published reports. The company said it will then share this revenue with Pirate Bay users who allow their Internet bandwith to be shared.

Report: Pirate Bay Being Courted by Four New Suitors

Pirate Bay Buyer: Deal in Doubt; Operators Deny Ownership

Pirate Bay Acquisition Deadline Passes with No Deal

Pirate Bay Buyer Pandeya Has Assets Seized in Sweden

Pirate Bay Buyer Global Gaming Facing Possible Bankruptcy

Global Gaming Factory Gets New Listing on Swedish Exchange

Shares of Pirate Bay Buyer Delisted in Sweden

Global Gaming CEO's Tax Debt Leads to Car, Motorcycle Repos

Global Gaming Shareholders Approve Pirate Bay Deal

CEO of Pirate Bay Buyer Posts File-Sharing Manifesto

Pirate Bay Taken Offline; Global Gaming Deal in Question

Trading in Pirate Bay Buyer's Stock Halted; Deal in Question

Pirate Bay Buyers in License Talks With Swedish Rights Society

Labels Look to Block Pirate Bay Founders From Sale Profits

Pirate Bay's New Owners to Seek Nasdaq Listing

Global Gaming Factory Rejects Multiple Bids for Pirate Bay

Dutch Court Orders Pirate Bay Closed; GGF Says Deal Near

Ex-Grokster Head Wayne Rosso Ends Ties With Pirate Bay Buyers

Pirate Bay Buyer Reaffirms Purchase; Faces Dutch Lawsuit

New Pirate Bay Owners Hope to Harness P2P, Pay Users

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