2018-6-12 07:28 |
Software company BitTorrent Inc. has reportedly been sold to blockchain entrepreneur and developer of the TRON platform, Justin Sun, Variety reported June 11.
The acquisition ostensibly closed last week, with BitTorrent management informing staff about the deal.
Last month, Cointelegraph reported that BitTorrent was in the process of being acquired by the TRON founder.
Sun reportedly entered into negotiations with BitTorrent in September of last year, and signed a letter of intent to purchase in January.
Cohen reportedly left the company for a CEO position at Chia, a San Francisco-based company focused on improving cryptocurrency infrastructure.