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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Swedish regulator to Pirate Bay suitor: where's the money? AFP - Friday, August 28 STOCKHOLM (AFP) - - Swedish financial regulators want Pirate Bay suitor Global Gaming Factory to reveal how it will fund its takeover of the popular download site despite GGF chief executive Hans Pandeya insisting Thursday that a deal could be completed "within eight days". ADVERTISEMENT Peter Goenzci, the vice-president of the equity market Aktietorget, told AFP that the Stockholm-based company had failed to provide details on who was backing its 60-million-kroner (5.9-million-euro, 8.4-million-dollar) bid for the site. "We are sceptical as he (Pandeya) couldn't deliver the answers that we want: where the money is (to fund the takeover)," Goenzci said. "They have not been able to show us any written agreements made with their investors," he added. GGF's share price was suspended on August 21 after doubts surfaced over how it would fund its proposed purchase of The Pirate Bay. Swedish media have suggested that the acquisition announcement on June 30 was merely a bluff to boost Global Gaming Factory's share price. GGF chief executive Hans Pandeya told a press conference in Stockholm he expected the deal would go through "within the next eight days" once authorities allow trading to resume. Pandeya previously told AFP the sale would be completed on Thursday. "Nothing can stop it," he said in a telephone interview on Monday. But Goenzci said the Aktietorget disciplinary committee was investigating whether GGF should continue to be listed. "You can't trade in the market if you can't tell the market the correct information," he added. Founded in 2003, The Pirate Bay makes it possible to skirt copyright fees and share music, film and computer game files using bit torrent technology, or peer-to-peer links offered on the site. It claims to have some 22 million users worldwide. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Internet Portals & Search Engines Google adds translation program to Google DocsAFP - Friday, August 28 New website calculates risk of dyingAFP - Friday, August 28 Facebook, under Canadian pressure, to tweak privacyAFP - Friday, August 28 Swedish regulator to Pirate Bay suitor: where's the money?AFP - Friday, August 28 Related Articles: Technology US-TECH SummaryReuters - Friday, August 28 Dell net profit down 23 pctAFP - Friday, August 28 FCC to probe competition in US wireless industryAFP - Friday, August 28 Google adds translation program to Google DocsAFP - Friday, August 28 French official to talk iPhone troubles with AppleReuters - Friday, August 28 Enlarge Photo Supporters of the web site 'The Pirate Bay', one of the world's top illegal filesharing websites, demonstrate in Stockholm, in April 2009. Swedish financial regulators want Pirate Bay suitor Global Gaming Factory to reveal how it will fund its takeover of the popular download site despite GGF chief executive Hans Pandeya insisting Thursday that a deal could be completed "within eight days". Related Photos Slideshow Full Photo Coverage: Internet Portals & Search Engines Related Full Coverage Internet Portals & Search Engines Latest development in the online world All Full Coverage Most Popular – Technology Viewed Kidnapped US girl walks into police station 18 years on Profile of swine flu begins to emerge: study Microsoft apologizes for photo gaffe Ciudad Juarez, deadliest city in the world: watchdog Singer Chris Brown sentenced for Rihanna assault View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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