The site which is one of the top 100 websites that are being visited, “thepiratebay.org” is being sold out to to another Swedish company Global Gaming Factory X (GGF) for 7.8 million USD.
The acquisition is set to be completed in August and this will have an effect on the business model of the TPB.
GGF CEO Hans Pandeya added,
“The Pirate Bay is a site that is among the top 100 most visited Internet sites in the world. However, in order to live on, The Pirate Bay requires a new business model, which satisfies the requirements and needs of all parties, content providers, broadband operators, end users, and the judiciary. Content creators and providers need to control their content and get paid for it. File sharers need faster downloads and better quality,”
Anyway the official blog of TPB says
“The profits from the sale will go into a foundation that is going to help with projects about freedom of speech, freedom of information and the openess of the nets.”
Peter Sunde, co-founder of TPB, has told TorrentFreak that The Pirate Bay will be shutting down their tracker and remove torrent files from their servers. After closing the tracker The Pirate Bay will use the torrents of an upcoming third party service which will introduce an API accessible by other torrent sites as well.
Update:Peter Sunde, co-founder of TPB, has told TorrentFreak that The Pirate Bay will be shutting down their tracker and remove torrent files from their servers. After closing the tracker The Pirate Bay will use the torrents of an upcoming third party service which will introduce an API accessible by other torrent sites as well.
ThePirateBay adds Userdeletion.
According to the tpb blog :
“We are going to build a user deletion interface later today. Many people have asked about having their account removed and we will not force anyone to stay on of course.
However, we also want to point out that we have no logs of anything, no personal data will be transferred in the eventual sale (since no personal data is kept). So no need to be worried for safety. We always care for that.
It also feels a bit sad to see the comments on the previous blog entry. We understand that you’re upset. But we have reasons to do this that we cannot ignore. We need to keep the site going and this is the only working alternative. We cannot finance the growth of the site anymore and we cannot back down. The only way is up and this is the only route to that place.
The support we had, is support we still need. We’ve been fighting for years for you; and yes; you have supported us in that endeavor. We still need you, even if you abandon the site. The important thing is that you keep sharing and keep on saving the internets. We will try to do that, but right now, we need and deserve a break. Some things needs to be reborn and rebooted. Let’s make this into something good!”