Even a pirate has his price (and apparently it’s not much); Pirate Bay sold

First, the short version: The Pirate Bay has been acquired by Global Gaming Factory X AB for $7.7 million. Now the even shorter version: WTF?! We don’t know where to start with this one. The ridiculously low acquisition price? The fact that this politically active, anti-establishment, controversial, torrent-loving site was acquired at all? A blog post on the site this morning states:

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 [SIC] of the nets.

Fair enough. The deal is expected to be completed in August and whatever the case, expect The Pirate Bay to undergo some pretty big changes moving forward. If you’re a pirate, expect The Pirate Bay also to become infinitely less useful moving forward. Apparently those legal fees add up pretty fast.