Good day all you lovely people out there!
I have some fabulous news update for Tron (TRX)
Many wonder what will become of the industry leader in peer-to-peer file sharing.
TechCrunch reports that the industry-leading BitTorrent, Inc., the parent company of µTorrent, has been acquired by Justin Sun and his blockchain media and cryptocurrency startup Tron for $140 million USD. This news comes after weeks of speculation around the possible purchase, as shareholders have publicized the official asking price. And while the acquisition is close to being finalized, TC states some shareholders are still disputing the terms, as more than one person claims to have made the introduction between Sun and BitTorrent. Experts don’t believe this will prevent the sale from going through however.
While it’s still uncertain if the business model will change, the company did issue a statement on its website earlier today.
We wish to emphasize that BitTorrent has no plans to change what they do or charge for the services they provide. They have no plans to mine cryptocurrencies now or in the future.
BitTorrent has been a pioneer of peer-to-peer file sharing and we believe our vision of democratizing the Web by enabling decentralized, resilient access to information remains as relevant as it was when we started.
Stay tuned for more updates.
Photo credits https://www.bitguru.co.uk/tron-founder-justin-sun-buys-bittorrent/