BitTorrent Sells to Blockchain Entrepreneur Justin Sun

ronjor · Jun 18, 2018

By Janko Roettgers @jank0 18 Jun 2018

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.
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guest · Jul 24, 2018

BitTorrent Confirms It’s Been Acquired by Blockchain Startup Tron
July 24, 2018
https://variety.com/2018/digital/news/bittorrent-acquisition-confirmed-1202882451/

File sharing veteran BitTorrent has finally confirmed that it has a new owner: “We are excited to announce that Tron has officially closed its acquisition of BitTorrent,” the company said in a blog post Tuesday.

“BitTorrent will continue operating from Tron’s new San Francisco location, which is now the center of operations for the company’s global market expansion,” the post continues. “The division will provide robust support for Tron’s global business development and partnerships, while pursuing its vision for the world’s largest decentralized ecosystem.”

BitTorrent and Tron didn’t release any further details about the acquisition Tuesday, but documents filed with the California Secretary of State suggest that Sun paid close to $126 million in cash for the company.
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BitTorrent Sells to Blockchain Entrepreneur Justin Sun

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