Pirate Bay bidder kicked off Swedish stock market

The Swedish company that bid £4.7m to buy notorious file sharing website the Pirate Bay has been banned from trading shares on its stock exchange amid claims that it had "seriously violated" rules.

The move comes amid claims that Global Gaming Factory X took a "casual" approach to financial disclosures surrounding the bid, which it launched in June.

The company, which makes software and runs a chain of internet cafes, had shocked the technology and media industries by announcing that it planned to buy the Pirate Bay and turn it into a legitimate operation.

It proved particularly surprising coming just two months after four men were sentenced to prison and fined a total of £2.4m for their links to the controversial site.

[via The Guardian]

emily | 8:08 AM | Copypright Issues |
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