
Submission + - Pirate Bay sold for $7.8 million
paulraps writes: The Pirate Bay is to be bought for $7.8 million by Global Gaming Factory X (GGF), 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.