Following the announcement that Hans Pandeya is having a second shot at buying The Pirate Bay after last year's failed attempt, it appears he has a rival bid. Media reports state that the GGF boss will now buy the site for $10 million, but TorrentFreak has managed to get $11 million together and will buy the site tomorrow afternoon at 3pm.

According to a press release yesterday, Business Marketing Services Inc. has agreed to pay $10 million for the name and assets of BitTorrent monster The Pirate Bay.

CEO Hans Pandeya, who most people know from his Global Gaming Factory fame, will relaunch the the site on June 30th this year as a “paid legal content site”.

“The technology out there to deliver entertainment is from the stone age,” Pandeya said.

Pandeya says that the new site will be just like the old site except that it will only offer content that has been licensed by Business Marketing Services Inc.

In an amazing similarity to last year’s announcement that GGF would buy The Pirate Bay, Pandeya says that the site will run on some new hot file-sharing technology.

Apparently, BMSV have assurances from a party that they will receive $10m to make the purchase, so that means that they absolutely have the money and everything is going legal at The Pirate Bay in 2 months time.

So, to make sure this doesn’t happen, TorrentFreak has spoken to the admins of a few torrent sites who, while assuring us they were absolutely serious and not at all drunk or having fun at our expense, promised they would give us $11 million so we can buy The Pirate Bay instead.

To come up with some cool new technology, the writers on TF have been studying Visual Basic since last night and can now assure our readers that we have some awesome things lined up for the site.

Of course, absolutely nothing you’ve read so far in this article has a single grain of truth in it.

A Pirate Bay insider told TorrentFreak that there is no deal with Pandeya and that the whole thing is a complete fabrication.