BitTorrent known for P2P technology acquired by Justin Sun, founder of virtual currency 'TRON'

Justin Sun, founder of "TRON" which is a platform using block chain technology and also known as virtual currency, added BitTorrent (renamed to Rainberry) known for P2P file transfer technology to $ 140 million (about 154 Billions of yen).

TRON Cryptocurrency Founder Buys BitTorrent, μTorrent for $ 140 Million
https://thehackernews.com/2018/06/tron-cryptocurrency-bittorrent.html

BitTorrent Sold to Tron Crypto Founder Justin Sun - Variety
https://variety.com/2018/digital/news/bittorrent-acquisition-tron-justin-sun-1202841793/

TRON acquisition of BitTorrent has been in progress since 2017. As a preliminary preparation in January 2018, a " no shop clause " was established to limit negotiations with BitTorrent and other companies. Thereafter, although there was something wrong with BitTorrent breaking this clause, an application for a merger between Mr. Sun's "Rainberry Acquisition" company and "Rainberry" (a new corporate name renamed BitTorrent in 2017) Because it was there, the acquisition is considered to have been completed. There is no announcement from Ms. San, TRON, BitTorrent.

The reason for the acquisition is that it seems that BitTorrent with P2P technology, which is a distributed architecture, was attractive, but it is also pointed out that the TRON technology is a defensive measure from the argument that it is plagiarism I will.

Although "BitTorrent" aimed at the establishment of the P2P entertainment business in 2008, it failed to do large-scale personnel arrangement, and in 2017 the live streaming business is also stopped. Bram Cohen, founder of BitTorrent, is CEO of Chia Network which manages virtual currency "Chia".

"BitTorrent" developer Bram Cohen embarks on its own encryption currency - GIGAZINE