Pirate Bay Sold To Global Gaming Factory
Posted: June 30, 2009
STOCKHOLM (Hypebot) – News began to trickle out in the wee hours this morning that The Pirate Bay has been sold to Global Gaming Factory X AB for $4 US million in cash plus an equal amount in stock. GGF develops gaming software and operates internet cafes and gaming centers in Scandinavia. Details are vague, but the original team will still stay involved and promise to keep the site much the same. Ownership of the Pirate Bay had been transferred away from the individuals being sued in 2006 according to an interview (translation via Techdirt) with co-founder Peter Sunde conducted on Twitter. Neither Sunde or his fellow pirates are the beneficiaries of the sale according to a PirateBay blog post, but rather "into a foundation that is going to help with projects about freedom of speech, freedom of information and the openness of the nets." |
