My life on the web

Swedish software firm Global Gaming Factory X this morning announced it has agreed to buy file-sharing service The Pirate Bay for 60 million Swedish crowns (which currently converts to approx. $7.7 million). In addition, GGF has entered into an agreement to acquire the shares in Peerialism, a software technology company that develops solutions for data distribution and distributed storage based on new p2p technology. The transaction is scheduled to be closed in August 2009. Last April, the founders of The Pirate Bay were sentenced to one year in jail and a fine of $3.6 million for running the site, which is one of the world largest for downloading files on the Internet (one of the 100 most visited websites in the world according to the press release). The case had been brought on by a number of groups from the music and movie industry. Global Gaming Chief Executive Hans Pandeya said: “We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site.” We’re gathering more information and will update this post accordingly. Crunch Network: MobileCrunch Mobile Gadgets and Applications, Delivered Daily.