After discovering the Pirate Bay logo hadn't been registered with the patent office, a Swedish company took the opportunity to claim it as their own in order to commercially exploit it. After bloodless negotiations, the company now seems prepared to play nice and let their application slide. But they don't go away empty-handed.

On Monday, we reported that after noticing the iconic Pirate Bay logo had no commercial protection, a Swedish company took the first steps towards hijacking it for their own.

“The idea is to sell USB drives using this brand,” said Sandryds Handel spokesman Bengt Wessborg.

“We saw that it was not already allocated to someone else. It was not registered.”

The company went on to register an almost exact copy of the logo, differing only slightly in color and lacking a capital letter on the word ‘Bay’. The move was accepted by PRV, Sweden’s Patent and Registration Office.

Ex-Pirate Bay spokesman Peter Sunde was not happy with the move.

“They [Sandryds] knew that [the logo] was not owned or created by them and they [registered the logo] to attain a position of power against The Pirate Bay,” he wrote in an email protest to PRV.

After earlier saying that they were prepared to strike a deal with The Pirate Bay over the logo, that offer appears to have come to pass. Following discussions with Sunde, Sandryds have now backtracked and agreed to de-register the trademark. But they don’t come away empty-handed.

Company spokesman Bengt Wessborg told SR they are happy with their achievement, having secured permission to use the Pirate Bay logo on a new product.

“We have had permission from The Pirate Bay to sell a media player with the logo on,” said Wessborg.

Although the mechanism by which Sandryds achieved this permission was more than a little dubious, admittedly the choice of end-product to display the logo seems the perfect fit.