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The would-be buyer of Web site The Pirate Bay backpedaled in a Dutch court Tuesday, saying that it is uncertain whether the purchase will ever be completed. Lawyer Ricardo Dijkstra said Sweden’s Global Gaming Factory X would only buy The Pirate Bay if it can turn it into a “legitimate business.”
Royal Philips Electronics, the world’s largest lighting maker, on Monday reported a fourth-quarter loss of $1.9 billion and said it would cut 6,000 jobs, blaming weak global economic conditions for poor business performance, asset write-downs and restructuring charges.