Just hours before Global Gaming Factory (GGF) is scheduled to acquire The Pirate Bay, the company says it has lost several investors due to all the media controversy surrounding the deal. Meanwhile the equity marketplace Aktietorget suspended trading in GGF's stock until further notice.

From the moment it was announced, the Pirate Bay acquisition has been surrounded by controversy. According to an announcement made by the intended buyer, this has caused several investors to pull out of the deal.

Despite all the negative media coverage, GGF CEO Hans Pandeya is confident that the deal will go through. The investors that are left are existing shareholders of GGF and their names are not published but known by the company’s management.

The equity marketplace Aktietorget meanwhile claims it has still not been provided with evidence showing the funding for the acquisition is in place, and has decided to extend the shut down in trading of GGF’s stock.

Today, GGF’s shareholders will discuss the buyout of the Pirate Bay and the plans for the site, before they give the green light or decide to vote against it. After the shareholders meeting GGF will host a press-conference to discuss the outcome and inform the public on what steps they will take next.

GGF CEO Hans Pandeya told TorrentFreak that they have been working on a new deal with at least one other major BitTorrent site. However, it will be difficult enough to successfully convert The Pirate Bay into a site where both users and the copyright holders are kept happy, before moving on to other sites.