Here’s an announcement we don’t read every day. As of today The Pirate Bay is the proud owner of eBay. The torrent site plans to use eBay technology to code a better rating system for torrents. How much was paid for the auction site is still a mystery.

TorrentFreak talked to one of The Pirate Bay crew members who told us that they had to find a legit investment for the billions of dollars they’ve made from annoying pop-under ads, and this appeared to be a decent option.

The shocking news below comes straight from the Pirate Bay blog.

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In a bid on Auction site eBay, for the site of eBay.com itself, Pirate Bay (TPB) has come out as the official winner.

We saw that eBay was up for sale on their own site and since we have a long going law suit against them for abuse of our trademark name “pirat(ebay)”, we wanted to be pragmatic and just use our immense profits to buy them. This will hopefully make us spend less time with the lawsuit.

TPB will use the tools from eBay to make a better rating system for torrents. Then TPB will divide eBay up into smaller companies and sell to the highest bidders. We see no use for an auction site since most stuff is available for free.

eBay.com will in the future be redirected to thepiratebay.org, and hopefully this will put TPB into the top 5 internet sites today.