Is TRON In Final Stages Of Acquiring BitTorrent?
Summary
Justin Sun, the founder of Tron (TRX) moved forward with the plans of acquiring BitTorrent Inc in September last year.Rogelio Choy, CEO of BitTorrent Inc., instead of taking the deal forward, came back to Sun saying that three more parties have outbid TRON and communication channels have been opened with them.Sun filed a lawsuit requesting the court to issue an order restraining BitTorrent from communicating with other parties.Soon after the exclusivity period set in the letter of intent ended in February, a new holding company named “Rainberry Acquisition” was registered in California.Interestingly, BitTorrent founder and inventor Bram Cohen also plans to create a cryptocurrency named Chia .
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