BitTorrent, an early mover (and currently the largest player) in decentralised computing architecture to distribute and store data, is being sold for $140 million in cash to Justin Sun and his blockchain media startup Tron, TechCrunch has learned. From a report: Variety yesterday reported that a sale of the company to Sun closed last week, without naming a price, following rumors that circulated for at least a month that the two were in negotiations. Shareholders have now been sent the paperwork to sign off on the deal, and that has detailed the $140 million price. Some are, we understand, still disputing the terms, as more than one person claims to have made the introduction between Sun and BitTorrent. A source says it’s unlikely that the disputes will actually kill the acquisition, given how long BitTorrent has been looking for a buyer. BitTorrent most recently said it has about 170 million users of its products.
of this story at Slashdot.
Source:: Slashdot