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Pirate Bay Announces Sale to Swedish Company For $7.8 Million, dies an hour later
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Pirate Bay Announces Sale to Swedish Company For $7.8 Million, dies an hour later
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Posted 2009-06-30, 08:37 AM
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.
Update: Global Gaming Factory
have confirmed
(according to Dagens Nyheter, a respected news outlet in Sweden) that "
Users of The Pirate Bay will have to pay to download music and movies.
Those who seed material will be able to profit from doing so."
Last edited by Chruser; 2009-06-30 at
03:43 PM
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