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+ - Swedish IT company to buy Pirate Bay

Submitted by blh42
blh42 (928419) writes "The Local writes that The Pirate Bay is set to be purchased for 60 million kronor ($7.8 million) by Global Gaming Factory X (GGF), a company specializing in internet café management software, the company announced on Tuesday.

GGF is listed on the Aktietorget stock exchange, a Sweden-based exchange in operation since 2007 which focuses on start-up companies.

The company is set to pay 60 million kronor for the popular file sharing site's domain name, thepiratebay.org, including 30 million kronor in cash, GGF said in a statement.

At the same time, GGF has also purchased Peerialism, a small IT company with roots at Sweden's Royal Institute of Technology (KTH) and the Swedish Institute of Computer Science, which has developed a new file sharing technology.

"Peerialism has developed a new data distribution technology which now can be introduced on the best known file — sharing site, The Pirate Bay. Since the technology is compatible with the existing it will quickly allow for new values to be created for all key stakeholders and facilitate new business opportunities", said Peerialism CEO Johan Ljungberg in a statement.

GGF is to pay 100 million kronor, including 50 million in cash, for Peerialism.

"As a result of the acquisitions of The Pirate Bay and Peerialism, GGF will have a strategic position in the international digital distribution market," said GGF CEO Hans Pandeya in a statement.

"File sharing traffic is estimated to account for more than half of today's global Internet traffic. The Pirate Bay has a global brand and holds a key position with over 20 million visitors and over one billion page views per month."

A number of conditions must be realized before the deal is completed however, including an assessment by the GGF board that "that the acquired assets can be used in a legal and appropriate way".

Nevertheless, the company hopes to see the deal completed in August, allowing GGF to move push forward with a new business model for digital distribution "which makes it possible to compensate content providers and copyright holders".

"We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site," said Pandeya."
Announcements

+ - Swedish Noted coampany buys The Pirate Bay->

Submitted by Anonymous Coward
An anonymous reader writes "Acording to news sources in Sweden a publicly traded software comapany called Global Gaming Factory which has it's core business in netcafés has aquired The Pirate Bay website and domain, the deal will go though in August 2009 if the news holds up. The company is real, and the pressrelease on thier homepage Global Gaming Factory is quite clear. Unless the site has been hacked this is huge and shocking news, if it's fake then someone at Global Gaming Factory is probably facing charges as Publicly traded Stock Ventures shouldn't be posting false pressreleases."
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The Almighty Buck

+ - The PirateBay Sold For 60 Million Swedish Kronor->

Submitted by
Xemu
Xemu writes "In the wake after the recent judgement against the piratebay owner's, a small but listed software company, Global Gaming Factory X, today announced that it acquires The Pirate Bay website, one of the 100 most visited websites in the world. GGF says it intends to continue to operate the piratebay.org site but compensate copyright owners."
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