The Pirate Bay Sold To Software Company, Goes Legal
Written by enigmax on June 30, 2009
According to gaming company Global Gaming Factory X (GGF) , it is in the the process of acquiring The Pirate Bay for $7.8m (SEK or Swedish Krona 60 million). The acquisition is scheduled to be completed by August and will see the site launch new business models to compensate content providers and copyright owners...GGF claims to have the biggest network of internet cafés and gaming centers in the world.
The changeover of ownership is scheduled for August 2009, whereby GGF will take over the operation of the site...
“The Pirate Bay is a site that is among the top 100 most visited Internet sites in the world. However, in order to live on, The Pirate Bay requires a new business model, which satisfies the requirements and needs of all parties, content providers, broadband operators, end users, and the judiciary,” said Hans Pandeya CEO.