According to the Swedish business newspaper Dagens Industri (DI), Pirate Bay's ownership foundation, with site founder Peter Sunde playing a leading role, has invited four parties to present bids to purchase the site.
Among the suitors participating in the bidding process is Hans Pandeya, whose beleaguered Global Gaming Factory (GGF) tech firm was recently forced to admit it would most likely not be able to carry out its planned 60 million kronor ($8.5 million) purchase of The Pirate Bay.
But The Pirate Bay's ownership foundation hasn't given up hope that it can sell the site, and according to DI's sources, Pandeya is still in the hunt.
Another reported suitor is Gamers Gate, a Swedish company specializing in online computer gaming.
But the company's CEO Theodore Bergquist refused to confirm Gamers Gate was among the companies vying to purchase The Pirate Bay.
“We're looking at a number of potential deals. All I can say is that The Pirate Bay is an interesting brand filled with a lot of potential for those who manage it in the right way,” he told DI.
The Pirate Bay's 20 million unique visitors a month make it the world's 106th most visited website, according to the web traffic monitoring service Alexa.