Posts Tagged ‘Pir’

The Pirate Bay sold, plans to go legit. Users urged to become capitalists.

When the Pirate Bay four were convicted of “assisting in making copyright content available” and sentenced to a one year prison term and a fine of $3.6 million, the site’s co-founder Peter Sunde played down the verdict, claiming that it was business as usual. The argument being that the site itself was never on trial, only the four individuals named in the law suit.

Today, however, we learn that, moving forward, it’s far from business as usual as The Pirate Bay has been acquired by Global Gaming Factory X (GGF), a publicly listed company in Sweden, for the grand sum of $7.8 million. Profit made from the sale will be used to fund a new political organization set up “to help with projects about freedom of speech, freedom of information and the openness of the nets”, according to a blog post published on The Pirate Bay.

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