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Just as the payment deadline for the Pirate Bay deal is set to expire, its intended buyer Global Gaming Factory (GGF) faces yet another setback. Former director and board member Johan Sellstrom is owed hundreds of thousands of dollars by the company and has now requested bankruptcy for his...

According to gaming company Global Gaming Factory X, it is in the the process of acquiring The Pirate Bay for $7.8m (SEK 60 million). The acquisition is scheduled to be completed by August and will see the site launch new business models to compensate content providers and copyright owners...