Posted on Tuesday 30 June 2009
The Pirate Bay has sold out, to a Swedish company no one has ever heard of. The acquisition has been confirmed but the future of the site is still mired in confusion. Could this be a Napster moment for the file-sharing community, or could this actually be a good thing?
Things happen fast in the world of peer-to-peer torrent tracking. Just a few days after unveiling The Video Bay, a new streaming video site based on open source video standards, The Pirate Bay had even bigger news to announce this morning: it’s selling out.
Sold Or Sold Out?
The Swedish press broke the news story first, forcing The Pirate Bay to confirm the truth in a blog post earlier today. The Pirate Bay has been bought by Swedish software company, Global Gaming Factory X AB.
The price, a cool $7.7 million, is enough to pay the $3.6 million in fines racked up by the four co-founders of the site in their recent court case, and have enough left over to ensure they never have to work again, or at least be able to walk away from the whole thing better off than when they began.






Michael Jackson’s death has dominated all areas of the media since Thursday, online video included. The King Of Pop may be no more but his influence on the world continues on.