Earlier this year, the shareholders of Global Gaming Factory agreed to acquire the world’s largest BitTorrent tracker. All the company had to do was come up with $7.8m (SEK 60 million), half of which to be paid in shares.
As anonymous investors pulled out and promises from the shareholders that they would come up with the funds themselves came to nothing, the deadline for the sale passed and the site stayed in the hands of Reservella, the Seychelles-based holding company that acquired The Pirate Bay two years ago.
But for those missing the optimistic press releases, bold statements and dramas of the attempted purchase by GGF, today brings good news.
According to a report, Reservella – with a helping hand from ex-Pirate Bay spokesman Peter Sunde – are in fresh talks with four potential buyers.
While the identities of two of the parties remains unknown, hints have been dropped about the other pair.
The first, GamersGate, is a Swedish company specializing in online computer games. Its CEO Theodore Bergquist, however, is playing his cards close to his chest.
“We are looking at many potential deals,” Bergquist told Di. “All I can say is that The Pirate Bay is an interesting brand loaded with great potential for those who deal with it properly.”
Holding a B.A. degree from Stockholm University, Bergquist joined Paradox Entertainment in May 2001 as CEO and was responsible for overall strategy, financial performance and growth initiatives. In 2004 he acquired the Interactive division of Paradox Entertainment and in April 2006 he became CEO of GamersGate, which was initially Paradox’s digital distribution portal.
Bergquist reported earlier this year that GamersGate had achieved 100% growth in business during 2008, both in terms of revenue and in the amount of new customers and titles on the site. The company is aiming at achieving up to 200% more during 2009. Owning The Pirate Bay’s domain would certainly help them achieve that.
The second potential buyer is a rather more familiar name – the utterly resilient Hans Pandeya.