Date: 8 months ago   Category: Economy

NEO offered for BitTorrent 50 million bigger, but TRON has all the same won


Both the TRON company, and the NEO company wanted to acquire the peer program of sharing of files BitTorrent, and NEO even offered 50 million more.

I the TRON company, and the NEO company wanted to acquire the peer program of sharing of files BitTorrent, and NEO even offered 50 million more.

according to Coindesk, according to comments of the representative of the NEO company, and according to internal documents of the BitTorrent company, the NEO Global Capital company offered for the Internet protocol 170 million dollars, and the founder of the TRON company Justin Sang - 120 million dollars. As a result, the BitTorrent company has accepted the offer of the TRON company, having counted it more favorable for the resource and its shareholders.

according to Coinmarketcap, in top-20 the NEO company takes the 14th place with market capitalization in 1,5 billion US dollars, and the TRON company - the 13th with market capitalization in 1,7 billion US dollars.

Justin Sang has begun to conduct negotiations with BitTorrent a month before the NEO company, in December, 2017. Sang wanted to acquire not all company but only a controlling stake while the NEO company wanted to be the only owner of BitTorrent, offering 115 million US dollars for all exclusive actions and 55 million US dollars for all common stocks. NEO hoped that BitTorrent "can create the decentralized system of storage of files which in general will be useful to any decentralized web project or a blockchain".

Exist different explanations why BitTorrent hasn't accepted the offer of NEO.

Some say that the NEO company itself has changed the mind, or that the investment department of the company wanted to remove the situation obliging to carry out the transaction within 6 months from the contract. According to the head of investment department of Neo, to Vey Zhu, the company has begun to doubt technical capabilities of BitTorrent necessary for creation of the decentralized system of storage of files.

Besides, were fears about political disputes in the United States after attempts of Huawei and ZTE to invest in the American companies.

URL:




Today

just now

Representatives of Syria and the Crimea during YaMEF-2019 discussed cooperation in the sphere of civil engineering, trade, health care and culture. It was said on Saturday by the Minister for the Econ...

just now

The regular physical activity, even not intensive, is capable to improve intellectual human health. Scientists said that thanks to it the risk of development of dementia is reduced. specialists of Bos...

just now

Information that in Berdyansk, on Gostinnaya Street the museum building burns came to Service "101" yesterday. 7 rescuers came out to the scene. is said About it in the statement of the press service of GSChS. according to department, in the utility room of the museum "Podvig" burned hozveshch. According to preliminary information, violation of...

just now

"Actually I did not know about the fact that I was the most age player as a part of the Carpathians in a match against Desna. In the field did not think of such things. I consider that for the goalkee...

just now

The manager of Manchester City Pep Guardiola received "early blow" in anticipation of a summer transfer window, and the main goal in a midfield of Tanga of Ndombele approaches Juventus, The Sun claims...

just now

After Zhanna Friske's death her son Platon lives with the father Dmitry Shepelev. The TV host leads the closed life, he seldom communicates with journalists and shows photos of the son. However 6-ye...

just now

We already told that in macOS 10.15 closer integration into Apple Watch will appear. Today it became known of other innovations: the new operating system will get several new functions. It is about su...

just now

The popular crossover received the minimum changes from most of which part mentioned the Adventure package. In the Russian car showrooms Renault is already available the updated Duster which unlike...