Global_Gaming_Factory_X_AB

Global Gaming Factory X

Global Gaming Factory X

Swedish advertising and software company

Global Gaming Factory X AB was an advertising and software company based in Sweden that relies on Internet cafes and gaming venues as its medium. Global Gaming Factory X uses Smartlaunch and CyberCafePro's installed base of cafe management software at thousands of internet cafes and gaming centers around the world for digital distribution of advertising, software and services to the large groups of tourists at Internet cafes and the gamer community at gaming venues.[citation needed]

Quick Facts Company type, Industry ...

On 30 June 2009, Global Gaming Factory X announced its intention to buy the popular BitTorrent site The Pirate Bay.[1] It also announced its intention to buy shares of Swedish P2P company Peerialism AB. Peerialism develops solutions for data distribution and distributed storage based on new P2P technology. The transaction was planned to take place in August 2009.[2][3] Due to the buyers' financial troubles, the site was not sold.[citation needed]

One week prior to the announcement, trading in GGF's stock was shut down after an unusually large rise in the volume of trades. The company is suspected of insider trading.[4] Global Gaming Factory X AB has been under receivership since the turn of the year 2011/2012.[5] The bankruptcy was closed on 21 August 2013.[5]

References

  1. [1]
    "Global Gaming Factory X – press release". Cision Wire. Archived from the original on 28 February 2010. Retrieved 30 June 2009.
  2. [2]
    Acquisitions of The Pirate Bay and new file sharing technology, P2P 2.0 Archived 6 August 2009 at the Wayback Machine
  3. [3]
    "Pirate Bay founders get rich in jail". Reuters. Archived from the original on 6 April 2023.
  4. [4]
    "Pirate Bay buyer suspected of insider trading". The Swedish Wire. 30 June 2009. Archived from the original on 1 August 2009. Retrieved 1 July 2009.
  5. [5]
    "Global Gaming Factory X AB – Företagsinformation". 28 August 2014. Archived from the original on 28 August 2014. Retrieved 9 August 2022.
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