The Pirate Bay - sold or sold out?

Wow, the Ninja never saw this one coming!

 

The Pirate Bay, home to many a torrent link and the hated enemy of Hollywood, has been sold to a media company - Global Gaming Factory and is attempting to follow the path of Napster and go legit.

 

The deal, worth almost £5 million seems to value the site below what many estimated it was actually likely to attract and leaves many unanswered questions. Apparently the money will be used for 'freedom of speech' related projects. The transfer of the newly announced YouTube competitor 'VideoBay' also proves interesting as this may have attracted a lot of interest alone.

 

Whilst the details (especially the 'why?') remain murky, the wheels were set in motion by the recent court case loss and fine delivered on TPB. No doubt the sale will help settle the outstanding bill…

 

However, whilst many will be saddened to see the loss of 'The Bay', akin to the closure of Napster, recent history has taught us that where one file-sharing website closes, an opportunity for another opens….just whom remains to be seen.