At the moment, the relevant negotiations are underway, however, the transaction, according to the assurances of BitTorrent’s official representatives, which, incidentally, confirmed the interest of Justin San in the purchase of the company, is not committed.
Justin Sun, the creator of TRON, intends to buy BitTorrent, which includes among other things the famous uTorrent client, used by tens of millions of users around the world.
According to media reports, relevant negotiations are currently underway, however, the transaction, according to the assurances of BitTorrent’s official representatives, which, incidentally, confirmed the interest of Justin San in the purchase of the company, is not committed. The creator of TRX did not comment on the situation.
BitTorrent at the end of 2017 changed its name to Rainberry, calling a rebranding from such a recognizable and proven name to a new “exclusively corporate decision,” but after the rumors about the sale of the company many experts believe that this fact caused the name change. The BitTorrent brand is simply “left for yourself”. Probably, the current management plans to create a new enterprise with a well-known and authoritative name.
Despite the huge number of users, the company did not justify the hopes of early investors and could not become a major technology company.
In addition, it became known that Justin San had previously filed a lawsuit against BitTorrent, which managed to violate the obligations previously fixed by the parties do not consider other proposals for the purchase of the company, having started negotiations with three other potential buyers.
Recall, TRX is in the Top-10 largest crypto-currency and plans to launch the main network.