The story was broken by Torrentfreak and they are going to keep updating everyone once new information comes to light.

Global Gaming Factory X will not just acquire The Pirate Bay site but they will also acquire the file-sharing technology company Peerialism. Global Gaming Factory X claims to have the biggest network of internet cafés and gaming centers in the world, so this technology will be a great addition to their company.

Global Gaming Factory X is also very interested in changing The Pirate Bay’s business model which will allow the compensation to the content providers and copyright owners.

“We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site,” said Hans Pandeya, CEO Global Gaming Factory X.

“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,” said Pandeya.

File-sharing technology company Peerialism will also be acquired by Global Gaming Factory X for a total of SEK 100 million, of which at least SEK 50 million will be in cash.

I find the amount of $7.8 million to be a little low, based upon The Pirate Bay having similar traffic numbers to Mininova which have 727 million pageviews per month. If each pageview could be monetized at $1.00 CPM (per 1000 views), then The Pirate Bay would be making $727,000 per month.

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