Pirate
Bay bought for $7.8 million USD
Jun 30 2009
Global Gaming Factory X AB has
announced its acquisition of Pirate Bay,
an online company that makes video
games, movies and music available for
sharing among users. In April, 2009, the
founders of Pirate Bay were convicted
for breaking Sweden's copyright laws,
and ordered to pay 30 million Swedish
Kronor (2.6 million USD).
"We would like to introduce models which
entail that content providers and
copyright owners get paid for content
that is downloaded
via the site." says Hans Pandeya, CEO of
Sweden's Global Gaming Factory. Will the
new legit business still attract as many
users? Most people are skeptical.

