Rants And Ramblings About Mobile Technology
Anders Borg writing about the fun and crazy world of mobile and Internet service technologies.
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Friday, July 03, 2009
The happy escape
As most of you know already, The Pirate Bay will be acquired by Global Gaming Factory X for 60 million SEK (~$8M). Not that much, if TPB is seen as a hyped IT company, but seen as a purchase of a popular domain and little else (TPD as we know it will disappear), it’s rather expensive.
The whole value of TPB can be summed up by “Everything’s free”. That’s hard to beat.
Rather it seems like a combined cash-in and escape from potentially more law suits, as that’s now GGFX’s problem, so the question is why GGFX acquired.
It sounds a bit like when Niklas Zennström sold Kazaa to Sharman Network, when things became a little bit too nasty. In that case it was for even less money ($1M, a symbolic figure).
The Local - Swedish IT company to buy Pirate Bay
The Local - Scepticism and outrage follow Pirate Bay sale
bnet - Kazaa BV assets cost Sharman $1m
