Global Gaming buys The Pirate Bay
FROM VARIETY: Rogue site to switch to legal operation
By Gunnar Rehlin and Leo Barraclough of Variety -- Video Business, 6/30/2009
JUNE 30 | FROM VARIETY: Swedish vidgame company Global Gaming Factory X has bought file-sharing website The Pirate Bay, whose founders were sent to jail earlier this year for being accessory to copyright infringement.Global Gaming paid Swedish kroner 60 million ($7.7 million) for the company, which it intends to relaunch as a legal download site.
Global Gaming CEO Hans Pandeya said the company had bought The Pirate Bay because it was a global brand with more than 20 million visitors and more than one billion page views per month, making it one of the top 100 most visited sites in the world.
Read the full story on Variety.com
