BitTorrent Sells to Blockchain Entrepreneur Justin Sun

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Story : https://variety.com/2018/digital/news/bittorrent-acquisition-tron-justin-sun-120

File-sharing pioneer BitTorrent Inc. has been sold to Justin Sun, a blockchain entrepreneur best known for the Tron platform and its TRX cryptocurrency. The acquisition closed last week and staff has been notified of the deal, Variety has learned. Company representatives and Sun didn’t respond to repeated requests for comment.

Word about a possible acquisition of BitTorrent first got out last month, when TorrentFreak reported that Sun was pursuing the company. Sun first started talking to BitTorrent in September of last year, and signed a letter of intent to acquire it in January. The deal was briefly held up when BitTorrent started talking to additional bidders, which led to Sun filing for a temporary restraining order, arguing that BitTorrent agreed to not pursue any other offers.