Swedish file sharing site bought

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Swedish gaming company hopeful for the future of file sharing site

The file-sharing website The Pirate Bay has been bought for 60m kronor (£4.7 million) by a Swedish software firm.

It has been revealed that the Global Gaming Factory has purchased the infamous file-sharing portal from the site's original founders. The new owners have said they intend to change the way the file sharing site operates.

Hans Pandeya, chief executive of the Global Gaming Factory, said that the site would now offer a legal file sharing service.