TRONs Founder Presses on to Acquire BitTorrent

A report has it that TRONs founder, Justin Sun, might be taking his last steps of acquiring BitTorrent Inc. after having struggled in the past to make headway. BitTorrents acquisition story, which holds mayhem, involves a lawsuit and the renaming of the company a few weeks ago to ?Rainberry.

Earlier this year, Rainberry was involved in a lawsuit with Justin Sun. In which Justin charged Rainberry with violating the agreement signed by both parties in a letter of intent to purchase by going into discussion with other firms that wanted to acquire it. According to Justin in the lawsuit:

?Within literally hours after the parties agreed to the Letter of Intent, and after [Rainberry CEO] Ro Choy began performing the terms of the Letter of Intent, Defendant claims it received three superior bids from companies that David Chao admitted they had been communicating with.

As part of the lawsuit, Justin asked the court to prohibit BitTorrent from discussing its acquisition with other firms, which is a violation of the terms of the letter of intent. However, the court did not grant the request, and the fight persists.