2018-7-25 19:47 |
File sharing software provider BitTorrent announced Tuesday that its acquisition by the Tron Foundation is now officially complete.
BitTorrent said it will now operate from Tron’s new San Francisco offices and support the blockchain project’s global development, while continuing to serve the claimed 100 million BitTorrent users around the globe.
According to the announcement:
“We believe that joining the TRON network will further enhance BitTorrent and accelerate our mission of creating an Internet of options, not rules.”
News of the imminent purchase became public in mid-June, when BitTorrent co-founder and former president Ashwin Navin told CoinDesk that Tron was forking out $120 million for the firm.
According to a report in Variety at the time, TRON founder Justin Sun began negotiating the acquisition of BitTorrent last September under a “no shop” clause, which prevented BitTorrent from discussing possible mergers with other potential buyers.
Similar to Notcoin - Blum - Airdrops In 2024