The Pirate Bay, a file-sharing firm that shares illegal content on its website, has been acquired for $7.8 million by Swedish firm Global Gaming Factory X as reported by New York Times

This despite the fact that the Pirate Bay regularly violates copyright laws,  that four men connected to the company were sent to jail, and that the company has been ordered to pay a $3.6 million fine.

The piarte bay has confirmed the news.

Pirate Bay comments

TPB is being sold for a great bit underneath it’s value if the money would be the interesting part. It’s not. The interesting thing is that the right people with the right attitude and possibilities keep running the site.
As all of you know, there’s not been much news on the site for the past two-three years. It’s the same site essentially. On the internets, stuff dies if it doesn’t evolve. We don’t want that to happen

Screen Toaster supposedly known as one of the bets screen recording tools  has been acquired by Veodia. The acquisition amount is undisclosed
The founders of screen toaster are Marco Fucci and Elie Curetti  and they are based in Paris
ScreenToaster claims to have  40% month-to-month average growth in its user base since it launched its service publicly. They had launched their service in beta 8 months ago.