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Pirate Bay Announces Sale to Swedish Company For $7.8 Million

Posted by timothy on from the fully-support-new-overlords dept.

paulraps writes "The Pirate Bay is to be bought for $7.8 million by Global Gaming Factory X, a Swedish company specializing in internet café management software, the company has announced. As well as taking over the controversial brand, GGF has also bought Peerialism, a small IT company with roots at Sweden's Royal Institute of Technology, which has developed a new file sharing technology. The acquisitions mean that GGF will be at the heart of 'the international digital distribution market,' allowing it to introduce a new pay model for file sharing." Reader pyzondar adds "However, the press statement also states that the deal will only go through 'if GGF and its Board of Directors can use the asset in a legal and appropriate way.'"

13 of 406 comments (clear)

  1. suckers by QuantumG · · Score: 5, Funny

    hehe, sure sold 'em that bridge.

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    How we know is more important than what we know.
    1. Re:suckers by tverbeek · · Score: 4, Funny

      However, the press statement also states that the deal will only go through 'if GGF and its Board of Directors can use the asset in a legal and appropriate way.'

      [EmilyLitella]Oh. Sorry. Never mind.[/EmilyLitella]

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      http://alternatives.rzero.com/
    2. Re:suckers by gnick · · Score: 2, Funny

      ...they go because it offers something they want, once you stop offering that, then people stop coming, it's so simple even an MBA could figure it out...

      A single MBA? Probably. Even quickly. An entire board? They need a couple of purchases encouraged by an enthusiastic idiot before they'll figure it out (or go bankrupt in the process.)

      YMMV.

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      He's getting rather old, but he's a good mouse.
    3. Re:suckers by Anonymous Coward · · Score: 1, Funny

      Hey, that's anonymous cowardon to you, pal...

  2. Well this is obvious by kazade84 · · Score: 2, Funny

    1. Set up a file sharing website with a cool name
    2. Build a domain and brand worth millions
    3. Profit!
    4. Move to another domain
    5. ???
    6. Profit again!

    ??? is probably "GOTO 1"

    1. Re:Well this is obvious by DeBaas · · Score: 4, Funny

      ??? is probably "GOTO 1"

      Then you'll never get to the profit part ...

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  3. The Pirate Party? by nloop · · Score: 3, Funny

    Wow, having your political party's idealistic figurehead be bought by an internet cafe if kind of a kick in the balls, huh? Does GGF now get a seat in their parliament?

    1. Re:The Pirate Party? by inamorty · · Score: 3, Funny

      Avast! Low flying woosh..

  4. They should've checked bittorrent by 192939495969798999 · · Score: 5, Funny

    What a waste of money. You can download TPB from bittorrent or any p2p share for free!

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    stuff |
  5. Re:They're not even keeping the money... by Stormwatch · · Score: 5, Funny

    What makes you think some company is wasting $8 million and then destroy what they bought?

    Electronic Arts does it all the time...

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    Circumcision is child abuse.
  6. Re:Sold out by machine321 · · Score: 4, Funny

    If it has a Trojan on it, it's safe, right? That's what they taught me in health class.

  7. Re:Clarification of sale details from "krs" by gemada · · Score: 2, Funny

    No, the lesson is that the law actually takes notice of the real world, and that shell games like the GP suggests only work until the laws are updated to reflect the reality...

    you mean like how the government has shut down the shell games the international financial system has been playing since the beginning of time...oh wait....

  8. Re:Linking is legal by s73v3r · · Score: 3, Funny

    And that defense worked so well for them.