The Pirate Bay Bought For $7.7 Million, Plans To Evolve Into Legitimate P2P Service

The Pirate Bay Bought For $7.7 Million, Plans To Evolve Into Legitimate P2P Service

The Swedish gaming company Global Gaming Factory X AB has purchased The Pirate Bay for $7.7 million, and plans to transform the embattled file sharing site into a legitimate peer-to-peer service. “We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site,” the buyers said in an ambiguous statement. The Pirate Bay’s current administrators did offer up one undeniable truth to comfort the site’s fans…