The sale of The Pirate Bay to a Swedish software company, which plans to revamp the site and launch a new business model to compensate rights holders, has most everyone in the P2P community scratching their heads today. Global Gaming Factory X announced that it will buy the site for roughly $8 million, along with Swedish P2P solutions provider Peerialism, which has been developing BitTorrent-based distribution solutions for P2P streaming and downloads. The plan is apparently to use Peerialism’s technology for the next generation of The Pirate Bay.

Countless file-sharing users are now asking: Where does this leave us? Some are wondering if it will lead to the BitTorrent meltdown that we’ve been hearing so much about in the wake of the Pirate Bay lawsuit. And what will happen to all that money? Continue reading on Newteevee.com.

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