The Pirate Bay looks set to have new owners in August

File-sharing site The Pirate Bay has been sold to a Swedish gaming company.

Global Gaming Factory (GGF) has paid 60m kronor (£4.7m) to take over the site from its founders.

Once it has taken control, GGF said it would start paying copyright fees for the movies, music and games linked to via the site.

In April, The Pirate Bay owners were found guilty of promoting copyright infringement, fined 30m kronor and were sentenced to one year in jail.