The Pirate Bay co-founders have lost their appeal against a 2009 ruling that they were illegally sharing copyrighted content.

The decision by a Swedish court means that the co-founders now face time behind bars.

Fredrik Neij faces 10...

It's being reported that Global Gaming Factory X has been served with bankruptcy proceedings by its former director and board member Johan Sellstrom, who claims that he's owed 1.3 million Swedish kronor - a debt which should have been paid in July.

Since the imminent closure of the Pirate Bay in its current form was announced, many have attempted to scrape the site of its contents to rebuild it elsewhere on the Web. However, one group of German fans of the filesharing site took it one step further.

Brief recap for those who haven't been following this story. Earlier in the year, it was announced that Swedish software company Global Gaming Factory X would be buying the notorious Pirate Bay bittorrent tracker and attempting to turn it legitimate.

Against all the odds, the takeover of the Pirate Bay has been given approval by the shareholders of Global Gaming Factory X. The news comes following reports of executives walking out, allegations of insider trading and the site itself going down following...

Despite a confident statement to the contrary earlier in the week, it looks like the sale of notorious Bittorrent tracker The Pirate Bay to Global Gaming Factory X might be in serious trouble. All trading in the company's shares have been suspended by...

Global Gaming Factory X, the company set to take over the Pirate Bay, has defied its critics and published the full proposal that it's due to give to its shareholders on 27 August.

It's also planning to pay for the purchase fully in cash,...