OSNews

They communicate as if somehow they ‘own’ the Pirate Bay community and can move them elsewhere to their whim. The idea that buying a pub somehow buys you the punters is naîve at best (especially when the punters only went there for the illegal activities and you’ve openly said that it’s your intention to clean that up).

I was thinking the same. Even at the trial, the prosecution made huge mistakes when they tried to explain how the torrent network actually worked. TPB is a public tracker, not a private one. Most of the members will just jump to a different tracker as soon as links to "illegal" content is removed.

So long for the "huge P2P power", they only bought a name and a few servers for a ridiculous amount of money. Establishing a P2P-based, legal content distribution channel is possible (many MMORPGs updaters work this way), but buying the TPB won't help at all.

This is pretty much what happened to Napster. What was once a busy p2p network was made legitimate and the users all left, leaving it useless for downloading illegal content.

I suspect the buyers understand how the stock market works. Their stock is up over 100% on the anouncement.

My gut feeling is that this is a pure stock market and PR play from GGF. Last week no one had heard of this company, now they're on the front page of news sites around the world. Two weeks from now the deal will fall through on some technicality, GGF will be out almost no money at all, but still have an amazing PR buzz on which to build something else on. Perhaps even use that buzz to launch some other project that they've been working on.
But that's just me being cynical

If this is true, then it's interesting that it doesn't matter if the buyers understand how torrent work, or not. As long as the investors also don't understand the subtleties of torrent hosting, then it's easy to cash in on this ignorance.