PIRATE BAY SOLD OUT FOR US $ 7.8 MILLION
The online torrent based file sharing giant- The Pirate Bay has been now acquired by the Swedish gaming company Global Gaming Factor X for $7.8 Million. The company was sold after it was found to breach the international copyright laws and was sued to provide its customers with a complete channel of songs and movies for instant download.
The founders Gottfrid Warg and Peter Sund said that the company auction was too much undervalued than what it actually was. The website income is projected to be invested on a free speech and information forum.
The "now owner" of the website said that the website will be based on a newer model that satisfies all including the service and content providers.
Will Mininova and Rapidshare be soon auctioned too?Hope you share your comments with us.