The company-developer of the BitTorrent protocol officially confirmed its purchase by the TRON.
It's official. BitTorrent is now part of #TRON. We pioneered the world's largest decentralized p2p protocol, now we're joining forces with TRON to build the future of the decentralized internet.
BitTorrent Inc. Twitter
The company will continue to operate from the new TRON office in San Francisco, from where the platform is now expanding into global markets.
With this acquisition, BitTorrent will continue to provide high quality services for over 100M users around the world. We believe that joining the TRON network will further enhance BitTorrent and accelerate our mission of creating an Internet of options, not rules.
BitTorrent Inc. Blog
The first reports that BitTorrent is in the process of sale to the founder of TRON Justin San, appeared in May. Both sides, until recently, haven't provided any comments.
It was reported that Justin San initiated negotiations with BitTorrent back in September 2017, signing an agreement on intentions to buy in January. The deal was suspended, due to the fact that BitTorrent, contrary to the agreement, began negotiations with other potential buyers