The Pirate Bay Bought, Goes Legit
Posted: Tue Jun 30, 2009 9:28 am
Swedish tech company Global Gaming Factory X said Tuesday that it has reached an agreement to acquire controversial file sharing outfit The Pirate Bay for about $7.7 million.
Global Gaming said it would introduce legitimate business models to Pirate Bay's Web site, which had become a haven for illegal file sharing. Pirate Bay's Swedish founders in April were ordered jailed for one year and fined $3.6 million.
"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 Global Gaming CEO Hans Pandeya, in a statement.
Full Article-
http://www.informationweek.com/news/int ... =218101960
Global Gaming said it would introduce legitimate business models to Pirate Bay's Web site, which had become a haven for illegal file sharing. Pirate Bay's Swedish founders in April were ordered jailed for one year and fined $3.6 million.
"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 Global Gaming CEO Hans Pandeya, in a statement.
Full Article-
http://www.informationweek.com/news/int ... =218101960