Darth Sushi
07-29-2009, 03:43 PM
http://media.bestofmicro.com/the-pirate-bay,3-V-206203-1.jpgRosso Pulling Out of Pirate Bay Acquisition Deal
By Kevin Parrish, published on July 29, 2009 at 12:00 AM
" Wayne Rosso has walked away from the Pirate Bay acquisition.
Former Grokster president Wayne Rosso was originally hired on by Global Gaming Factory to negotiate legal music and film deals for the company once it purchased The Pirate Bay and launched a legitimate (legal) download service. However, News.com is now reporting that Rosso has walked away from the project, stating that be believes the Swedish company doesn't have sufficient funds--$7.8 million in fact--to purchase the notorious BitTorrent tracker website.
"I and my colleagues have very strong doubts that the funding is in place," Rosso said. "And there are other issues regarding Mr. Pandeya's credibility that trouble us greatly." Rosso is referring to Hans Pandeya, Global Gaming's CEO.
Rosso also added that Pandeya and Global Gaming have not met payment deadlines to Rosso and his staff. In addition, talks with four major record labels and the music industry's worldwide trade group have been "blown up." Conversations with many alleged Global Gaming investors have left him suspicious.
But Global Gaming's CEO doesn't seem phased by Rosso's departure. "Everything is going to plan," Pandeya said. "We have plenty of investors that are interested in this and Wayne is just one of our many consultants...he might have been too impatient. We pay everyone we do business with." "
:source: Source: http://www.tomsguide.com/us/Pirate-Bay-Grockster-Torrent-Rosso,news-4329.html
By Kevin Parrish, published on July 29, 2009 at 12:00 AM
" Wayne Rosso has walked away from the Pirate Bay acquisition.
Former Grokster president Wayne Rosso was originally hired on by Global Gaming Factory to negotiate legal music and film deals for the company once it purchased The Pirate Bay and launched a legitimate (legal) download service. However, News.com is now reporting that Rosso has walked away from the project, stating that be believes the Swedish company doesn't have sufficient funds--$7.8 million in fact--to purchase the notorious BitTorrent tracker website.
"I and my colleagues have very strong doubts that the funding is in place," Rosso said. "And there are other issues regarding Mr. Pandeya's credibility that trouble us greatly." Rosso is referring to Hans Pandeya, Global Gaming's CEO.
Rosso also added that Pandeya and Global Gaming have not met payment deadlines to Rosso and his staff. In addition, talks with four major record labels and the music industry's worldwide trade group have been "blown up." Conversations with many alleged Global Gaming investors have left him suspicious.
But Global Gaming's CEO doesn't seem phased by Rosso's departure. "Everything is going to plan," Pandeya said. "We have plenty of investors that are interested in this and Wayne is just one of our many consultants...he might have been too impatient. We pay everyone we do business with." "
:source: Source: http://www.tomsguide.com/us/Pirate-Bay-Grockster-Torrent-Rosso,news-4329.html