TRON is a blockchain based startup founded by Justin Sun, who has previously worked for Ripple.
As per TRON, they are on a mission to 'build a truly decentralised Internet and its infrastructure." For this purpose, they introduced their own cryptocurrency - TRX.
However, it appears that the cryptocurrency is for the entertainment industry. However, neither Tron, Sun or representatives for BitTorrent have given any official statement regarding the million dollar acquisition.
And if this news is going to be True , Than for sure Price of TRX is going to moon .