Pirate Bay sold for $7.8m
Swedish gaming company Global Gaming Factory X (GGF) on Tuesday announced it is in the process of acquiring The Pirate Bay for $7.8 million. With the process due to be concluded by August, it will see GGF introduce new business models to and make the site legal and keep its owners out of courts. The new owners will also sell shares of The Pirate Bay to investors. GGF will also buy Peerialism and introduce its P2P distribution technology on The Pirate Bay. At the same time, The Pirate Bay will stop hosting and tracking torrents and use a third-party tracker and torrent hosting service.