Pirate Bay buyer faces bankruptcy – The Local

Pirate Bay buyer faces bankruptcy

Published: 18 Sep 09 12:51 CET
Online: http://www.thelocal.se/22158/20090918/

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A creditor of Global Gaming Factory X, the potential buyer of The Pirate Bay site, has asked a court in Stockholm to declare the company bankrupt.

• Stock exchange gives Pirate Bay suitor the boot (10 Sep 09)
• Pirate Bay suitor: ‘Deal done next week’ (28 Aug 09)
• Investors abandon Pirate Bay suitor (27 Aug 09)

The bankruptcy suit for the Swedish advertising and software company has been submitted to the Stockholm District Court, according to a report in Svenska Dagbladet. Global Gaming Factory X grabbed international headlines when it announced on June 30th its intention to take over The Pirate Bay.

Global Gaming Factory X was due to pay Advatar System 1,378,525 kronor ($200,204) by July 25th this year – a debt which today remains unpaid.

Johan Sellström – a former board member of the Global Gaming Factory X and Advatar Systems’ Managing Director – is reportedly now tired of chasing the overdue debt. The suit states that “the debtor canot legally pay its debts, and such incapacity cannot be regarded as ‘temporary’.”

Global Gaming Factory X’s ambitious plans to acquire Pirate Bay now seem likely to be put on hold due to question marks over the company’s lack of capital.

The Local (news@thelocal.se/08 656 6518)

via thelocal.se

OMGWTFROFLMAO

Posted via web from Jazzperous

Filed under: Criticism, Internet, Media, News, Technology

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via tweetdeck.com

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Using Spotify outside Europe [Invites]

Spotify is the best streaming music service at the moment. Despite record labels removing songs from the music database, there is a lot to find and more is added every day. In Europe we use Hotspot Shield for using Hulu and other US only services and now it is about time for you US folks to try out some of the goodies in Europe. Spotify can be used in the US using Hotspot Shield.

Apparently there are some issues though, when using Spotify from outside Europe (UK, Scandinavia). After some time Hotspot Shield will relocalize your IP and proxy, meaning Spotify thinks you have either moved or are on the move, and after 14 days or so, you will be locked out. What my friend Kelly did was to simply create a new account using one of the invites she got on her first account and it will work again. She admits she has to do this procedure every fortnight or so, but says it’s all worth it for such an awsome program.

I know there are many of you wanting to try out Spotify and by all means, do. You will be amazed by everything about it! I have a couple of invites to hand out to the first US peeps that wish to have one. Drop me an email address and I will make sure you’ll get an invite as soon as possible.

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In your face, Pirate Bay!

Filed under: Criticism, Internet, News, Technology, Piracy, Pirate Bay, Youtube