Home

Peerialism

Global Gaming Shareholders Approve Pirate Bay Deal

Authored by Mark Hefflinger on August 27, 2009 - 8:00am.
Stockholm, Sweden - Following some eleventh-hour maneuvers, Global Gaming Factory announced on Thursday that its shareholders have approved its plan to acquire file-sharing hub The Pirate Bay for $7.8 million, according to published reports. Shortly before the shareholder meeting, several key investors in the deal backed out, "because of serious concerns following the recent turbulence in the media," the company said in a statement.
tags: Deals | P2P | Music | Movies | Acquisitions | Copyright | The Pirate Bay | Global Gaming Factory | Peerialism | Hans Pandeya |

The Pirate Bay Acquired for $7.8 Million; Will Go Legit

Authored by Mark Hefflinger on June 30, 2009 - 5:11am.
Stockholm, Sweden - Swedish software firm Global Gaming Factory (GGF) announced on Tuesday that it has paid $7.8 million to acquire notorious file-sharing hub The Pirate Bay, and will turn the site into a legitimate business that compensates copyright holders. Under the term, the operators of The Pirate Bay -- who were recently found guilty of copyright infringement, sentenced to a year in prison and ordered to pay fines totaling $3.9 million -- will receive half of the payment in cash and half in GGF shares.
tags: Deals | P2P | TV | Music | Movies | Sweden | Acquisitions | Copyright | BitTorrent | The Pirate Bay | Global Gaming Factory | Peerialism |