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TRON Founder Justin Sun Rumoured to Purchase BitTorrent Inc.

Justin Sun | TRON | TRON Mainnet | BitTorrent. Inc | Torrent news | Tron updates

 

Tron (TRX) has become one of the best well-positioned virtual coins in the current panorama for cryptocurrencies. This is a fact mainly attributed to amazingly deployed strategies of its head, Justin Sun, who is also launching the TRON mainnet at the end of this month.

Latest update coming for TRON enthusiasts is that Justin Sun could be in the process of acquiring BitTorrent.Inc, one of the most important companies in the transmission of P2P data.

The paperwork shows that TRON founder Justin Sun was looking at acquiring BitTorrent, but the relationship may have soured somewhat. Essentially, it details that Sun was looking at picking up Rainberry, but Rainberry said it found better offers. Sun took legal action, but it was very swiftly dismissed.

Not so long ago, back in February of this year, the registration of a company called “Rainberry acquisition” was discovered, and the surprising part tells that it was found to be registered in the name of no other than Justin Sun itself. Furthermore, the registration date casually matches the expiration date of exclusivity period established in the Letter of intent signed by the two parties previously.

According to Torrent Freak, a website dedicated to the Torrent user community, the company changed its name without further explanation:

There is something fresh though – BitTorrent Inc. has a new name. While it hasn’t been published anywhere, the company formerly known as BitTorrent Inc. is now Rainberry Inc.
“Rainberry Inc is the official name of the company; it was changed right around the start of 2017,” Rainberry’s Chief Product Officer Jordy Berson informs TorrentFreak. He stresses that it’s purely a corporate decision and that none of the existing product brands will change.”

Given the market capitalization of the TRON, it seems likely that Sun will achieve this feat. But what are his plans regarding the acquisition of BitTorrent.

TRON, which will launch the Tron Mainnet in five days, has a market cap of around $4.6 bln and is currently ranked ninth on Coinmarketcap. TRON’s white paper clearly stated that the main motive behind its foundation was the complete decentralization of the internet.

Also read: Here’s All You Need to Know About the Upcoming TRON And EOS Mainnets

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