The Pirate Bay Gets Purchased, New Owners to Pay Copyright Holders Print
Written by Daniel   
Tuesday, 30 June 2009 11:49
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Will people stick with the new Pirate Bay, or has it lost what they loved -- piracy?
Jason Mick (Blog) - June 30, 2009 8:42 AM

 Strange news broke today that Sweden's Global Gaming Factory X AB had purchased The Pirate Bay, the world's largest torrent site.  Among the internet's top 100 most visited properties, The Pirate Bay reportedly fetched a bounty of 60 million Swedish Krona or roughly $7.8 million.  The site will be handed over to its new captain on August 2009.

Global Gaming Factory (GGF), owner of internet cafes and gaming centers in Sweden, plans to compensate copyright holders for the first time in the site's history. “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 of GGF  [Dailytech... [Comments...] .