Published on June 13th, 2018 | by bitcoin0
Justin Sun, Founder of Tron Altcoin, Takes Over Bittorent Inc
Justin Sun, the founder of “decentralized web” altcoin Tron, has reportedly taken over Bittorrent Inc, the San Francisco-headquartered company founded in 2004 to manage the ongoing development of the Bittorrent peer-to-peer file sharing protocol.
The financial details of the deal weren’t made publicly available as the two sides haven’t officially announced the acquisition yet.
Additionally, just a number of Bittorent’s shareholders have already been contacted by the transfer agent responsible for the transaction according to the report.
But in total revenue, Bittorrent has raised only $35.8 million in three rounds over the fourteen years of its existence.
Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.