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Pirate Bay Announces Sale to Swedish Company For $7.8 Million

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.'"

3 of 406 comments (clear)

  1. Re:They're not even keeping the money... by Reality+Master+101 · · Score: 1, Troll

    Oh, please. They have ALWAYS been in it for the money, and they have ALWAYS been lying to you. Yeah, a huge site like that makes no money? Bullshit!

    They will keep this money, just like they kept the money from the running of the site.

    --
    Sometimes it's best to just let stupid people be stupid.
  2. The Piratebay is down by jonfr · · Score: 1, Troll

    The piratebay is down. Given the news, I guess that is not a surprise at all. The new owners, deleting the web page. I think that the company that did buy The Piratebay was a shell company for one the RIAA/MPAA members.

    ping -c 4 thepiratebay.org
    PING thepiratebay.org (192.121.86.15) 56(84) bytes of data.

    --- thepiratebay.org ping statistics ---
    4 packets transmitted, 0 received, 100% packet loss, time 3009ms

  3. Re:No profits made? by hesaigo999ca · · Score: 0, Troll

    - but each will hold their behinds and waddle away from prison with about $1,050,000 after all is said and done

    There..,.fixed that for you