Megaupload's Dotcom, facing legal threat, launches political party


  • World
  • Wednesday, 16 Apr 2014

AUCKLAND (Reuters) - Internet tycoon Kim Dotcom holds court while bathing in the pool of a sprawling New Zealand mansion, fist bumping and chatting with some of the 700 guests gathered to celebrate the political party he launched last month to promote Internet freedom.

His latest ultra-encrypted file storage site, Mega, will soon go public after a deal that values it at NZ$210 million ($180 million), and Baboom, an online streaming music service designed to bypass record companies, is nearing its hard launch.

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