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The Pirate Bay Sold To Software Company, Goes Legal
This topic is about The Pirate Bay Sold To Software Company, Goes Legal, the author, richmm, wrote about: According to gaming company Global Gaming Factory X, it is in the the process of acquiring The Pirate Bay for $7.8m (SEK 60 million). The acquisition ... To read more just scroll down
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 The Pirate Bay Sold To Software Company, Goes Legal |
 Jun 30 2009, 01:35 PM
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#1
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 Advanced Member 
 Group: sVIP Received 1096 Thanks Posts: 3,623 Joined: 26-December 03 From: Wonderland Member No.: 358    |
According to gaming company Global Gaming Factory X, it is in the the process of acquiring The Pirate Bay for $7.8m (SEK 60 million). The acquisition is scheduled to be completed by August and will see the site launch new business models to compensate content providers and copyright owners.
Software company Global Gaming Factory X (GGF) says it is in the process of acquiring The Pirate Bay and file-sharing technology company Peerialism. GGF claims to have the biggest network of internet cafés and gaming centers in the world. The changeover of ownership is scheduled for August 2009, whereby GGF will take over the operation of the site. The company says that after it has completed the acquisition it will launch new business models so that copyright owners get paid, which is clearly a huge diversion from TPB’s previous modus operandi. “We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site,” said Hans Pandeya, CEO GGF. “The Pirate Bay is a site that is among the top 100 most visited Internet sites in the world. However, in order to live on, The Pirate Bay requires a new business model, which satisfies the requirements and needs of all parties, content providers, broadband operators, end users, and the judiciary,” said Pandeya. “Content creators and providers need to control their content and get paid for it. File sharers’ need faster downloads and better quality,” he added. GGF will acquire the site’s domain names and sites for SEK 60,000,000 ($7.8 million) - SEK 30,000,000 in cash and the rest in newly issue shares. File-sharing technology company Peerialism will also be acquired by GGF for a total of SEK 100 million, of which at least SEK 50 million will be in cash. According to GGF, Peerialism has developed a new P2P distribution technology which will be used on The Pirate Bay. The technology is said to be backwards-compatible with BitTorrent although details are scarce at the moment. At the time of writing, shares in GGF are up 155% - this will quickly become outdated, so check here for latest stats. Source. |
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Jun 30 2009, 02:55 PM
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 Yourmercifulgod™
Group: sVIP Received 672 Thanks Posts: 7,822 Joined: 22-March 04 From: +62 16 45.94 -6 51 37.14 Member No.: 204   |
Can you say "sell out?"
 RIP TPB |
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Jun 30 2009, 03:55 PM
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#3
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 Advanced Member
Group: sVIP Received 182 Thanks Posts: 3,700 Joined: 26-February 04 From: United Counties of Chav Member No.: 201  |
Might as well go out with a high $ after all the global press coverage it's been getting...
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Jun 30 2009, 07:06 PM
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 Giga Quad Stew
Group: sVIP Received 64 Thanks Posts: 1,451 Joined: 13-August 03 From: Victoria, BC. Canadaland Member No.: 18,399  |
No real surprise that they jumped ship
 Every large BT site has. Sloncek @ Suprnova Loki @ Lokitorrent and a whole bunch more..... |
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Jun 30 2009, 07:28 PM
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#5
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Giga Quad Stew
Group: sVIP Received 64 Thanks Posts: 1,451 Joined: 13-August 03 From: Victoria, BC. Canadaland Member No.: 18,399 |
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Jul 1 2009, 03:45 PM
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#6
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Yourmercifulgod™
Group: sVIP Received 672 Thanks Posts: 7,822 Joined: 22-March 04 From: +62 16 45.94 -6 51 37.14 Member No.: 204 |
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Jul 1 2009, 03:48 PM
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#7
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 Advanced Member 
 Group: VIP Received 6 Thanks Posts: 681 Joined: 12-September 03 Member No.: 18,825 |
In a way, i think I don't blame those guys over at TPB. How many of us would be willing to go to jail for knowingly (and consistently so) doing something that is clearly against the laws in most of our countries? Regardless of whether or not pirating hurts these various industries, the laws are going to be explicit on the consequences of violating them. Well what if the law came knocking and it was time to pay the piper? I can totally see the logic in doing this even though I would be sad to see TPB go. I mean, it's one thing to sit in my comfy chair in my home with all I want and need close to me and call the guys who will be facing the real consequences names.
Let's see how things turn out |
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Jul 2 2009, 06:31 AM
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#8
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 Advanced Member
Group: sVIP Received 273 Thanks Posts: 6,707 Joined: 25-August 04 From: Auckland Member No.: 237  |
It's a fucking disgrace is what it is.
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Jul 3 2009, 07:36 PM
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#9
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 Advanced Member
 Group: Contributor+ Received 9 Thanks Posts: 134 Joined: 23-February 06 Member No.: 16,481  |
I agree i am extremely sad that they sold it however i understand. TPB has been on everyone hit list for a while now, i am really surprised it lasted this long. All that legal, technical issues takes a toll on you and i am sure they are some what tired of running it. While many see this as a huge loss, i think it will ultimately be better for p2p and bittorrent as a whole. Going the way of the hydra and having many smaller trackers will ensure its success and limit the power of any legal action. Sad to see it go, but i will laugh when the new owners drive it into the ground losing their investment.
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