Will GGF Really Take Over The Pirate Bay? Could Be Doubtful

from the is-it-all-a-ruse dept

Martin points us to a video interview with Hans Pandeya, the head of GGF, the supposed new owners of The Pirate Bay. To be honest, the interview seems somewhat incoherent, where he doesn't actually answer the questions, and does little to elaborate on the confusing business model he's talked about with others:
But what I found most interesting about the interview is that Pandeya repeatedly notes that his shareholders will vote on the acquisition in August, and if the company cannot show a clear legitimate business model, he doesn't think they'll approve the acquisition. The questions try to dig down on this, and Pandeya doesn't really do much to answer them, but it certainly sounds like the company has a giant out. There are some other contradictions in Pandeya's statements, as well. At one point he implies that they'll have agreements in place with record labels in time for this vote, and if they don't, then people will vote against the deal -- but then says that it will take much longer to get those deals in place, and there's no way they'd be ready in time for the vote. The whole thing remains a bizarre mystery that is more confusing than enlightening... but I'm beginning to wonder if the deal will ever happen, in reality.

Filed Under: hans pandeya
Companies: ggf, global gaming factory x, the pirate bay


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  1. icon
    Travis Miller (profile), 6 Jul 2009 @ 9:25pm

    "Agreements"

    Mike, you write:

    "At one point he implies that they'll have agreements in place with record labels in time for this vote, and if they don't, then people will vote against the deal -- but then says that it will take much longer to get those deals in place, and there's no way they'd be ready in time for the vote."

    If you pay close attention, he is actually talking about two different agreements here. The first one he brings up is the one you are seeing (that will take months). However, BECAUSE those agreements will take too long, they are looking to get some kind of PRELIMINARY agreements that will buy them time (and set up how the final agreements will take shape). Those are the ones they need to get in place before the vote.

    He doesn't explain it that clearly, and honestly I might have not figured it out if I hadn't watched it just after reading your criticism of it.

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