Pirate Bay Deal in jeopardy

GGF Threatened with Bankruptcy

The hopes of Global Gaming Factory, or GGF, to buy Sweden's popular file-sharing site the Pirate Bay have declined even further. Stockholm District Court said on Friday that GGF has been served with a bankruptcy petition, after a former member of the board filed a complaint over unpaid debts.

The court will hear the case in November over whether GGF should be declared bankrupt.

Last week GGF was kicked off the Aktietorget stock exchange, for providing misleading information to investors about the Pirate Bay deal.