While I was asleep the news broke that the folks who run The Pirate Bay have seemingly finally caved and are selling. (This is everywhere now, but I first saw the news at TorrentFreak.) In the Pirate Bay's confirmation of the news they do some weak justifications and some talk about how things will move forward, but in the end the news is the same. I don't think anyone would seriously believe that being owned by a public company won't fundamentally change most if not all of the things that made the site interesting. (Most prominently or course being a blatant disregard for the law... OK, not quite, they always claimed what they were doing was perfectly legal in Sweden, and they just disregarded laws elsewhere... but still, that was the flavor of things.)
Of course as usual with such things, in the end it will have little or no effect on actual internet piracy, it will just move it around. But it is somewhat more disappointing in this case, as the way in which these folks had been completely defiant and mocking of the entertainment industry was just... entertaining. And they couched everything in terms of higher principals which they were defending. In the end though, I guess years of legal battles and a few big losses on that front can wear you down.
(Oh, and if this deal actually goes through, I'm guessing the buyers will soon find their purchase useless and without much value... either they will fundamentally change and lose most users and the value of the brand, or they will try not to and get crushed by legal pressure that a small scrappy private outfit with a "mission" could tolerate but a public company never could. The press release from the company seems to indicate the first possibility rather than the second.)