UTC-05:00,Friday , October 23rd 2020

BitTorrent Gets Most Of $140 Million Acquisition Deal From Tron

16:13 Thursday , October 01st 2020
Bram Cohen, founder of peer-to-peer file-sharing protocol BitTorrent, revealed on Oct 1 that Tron CEO Justin Sun paid the last part of the $140 million acquisition deal after all. “After much sabre-rattling I eventually got most of it but no explanation was given for why the amount was reduced,” Cohen tweeted.
Sun’s Tron acquired BitTorrent in 2018 with a $120 million bid (the price was later adjusted to around $140 million). Exactly a year later after the acquisition was officially completed, Cohen claimed that Sun was withholding the last part of the payment that the parties had agreed on.
Read More