Pirate Bay buyer goes Bankrupt

pharazon writes: "According to the Swedish newspaper Svenska Dagbladet, the Global Gaming Factory (GGF), the prospective buyer of the file sharing site Pirate Bay, has been sued in the Stockholm District Court for bankruptcy due to an unpaid debt of up to 1.4Million SEK (Swedish Crowns, roughly 200k USD). The issuer is GGF's trading partner Advatar Systems. GGF was recently de-listed from the Aktietorget.se equity market due to financial and reporting failures, but was able to re-list later. The Swedish Tax Office was also claiming large sums of unpaid taxes from the owners of the GGF. The discussion on the Swedish media has been skeptical about the Pirate Bay deal due to financing issues."