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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.'"

6 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. 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 |
  3. 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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  4. 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.
  5. 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.