ggf

Tue
30
Jun
Dennis Faas's picture

Controversial Torrent Sold For $7.7 Million

The owners of Pirate Bay, recently fined $3.62 million for copyright offences, have sold the site for $7.7 million. The site's new owners, Global Gaming Factory (GGF) have hinted that the site will go legit. That's got some users worried, despite ... reassurances by Pirate Bay staff that its services won't change. GGF is paying half the purchase price in cash and the rest in the form of three per cent of GGF's company stock. In a separate deal, GGF is buying out Peerialism, a Swedish tech company specializing in the logistics of peer-to-peer-file sharing. The price in that deal is $13 million, ... (view more)

Subscribe to RSS - ggf