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Topic: News Corp. to Buy IGN Entertainment (Read 3254 times)
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Trippy
Administrator
Posts: 23657
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News Corp. to Buy IGN EntertainmentNEW YORK - News Corp., the media conglomerate headed by Rupert Murdoch, said Thursday it will buy Internet company IGN Entertainment Inc. for about $650 million in cash.
San Francisco-based IGN and its network of sites, most devoted to video games, will become part of News Corp.'s Fox Interactive Media unit.
This deal marks News Corp.'s third Internet-related acquisition in recent months. The company is in the process of closing its purchases of Intermix, operator of the MySpace.com social-networking site, and college-sports company Scout Media.
With the addition of IGN, Intermix and Scout Media to existing Fox-branded sites, News Corp. said its U.S. Web traffic will increase to nearly 70 million unique monthly users and more than 12 billion page impressions per month.
IGN's major properties include IGN.com, GameSpy, GameSpy Arena, FilePlanet, TeamXbox, 3D Gamers, Direct2Drive, GameStats.com and a number of Web sites within the Vault and Planet networks. IGN also owns and operates two entertainment Web properties focused on movie-related content — IGN FilmForce and Rotten Tomatoes — and a male lifestyle site, AskMen.com. It also provides technology for online game play in video games.
The transaction is expected to close in the fourth quarter of 2005, subject to regulatory approvals. IGN's chief executive officer, Mark Jung, will continue in his role following the acquisition.
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Signe
Terracotta Army
Posts: 18942
Muse.
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I wonder how much of the online media Murdoch intends to buy? All of it, no doubt.
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My Sig Image: hath rid itself of this mortal coil.
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shiznitz
Terracotta Army
Posts: 4268
the plural of mangina
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I wonder how much of the online media Murdoch intends to buy? All of it, no doubt.
He has publicly stated he plans to spend $1 billion so he is more than halfway done. |
I have never played WoW.
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Merusk
Terracotta Army
Posts: 27449
Badge Whore
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There's something poetic about the Vault Network and Fox News being under the same banner.
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The past cannot be changed. The future is yet within your power.
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schild
Administrator
Posts: 60350
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Ya know, I always wondered how they could make IGN worse. I was beginning to think it wasn't possible.
I should just stick to predicting the faults of online games.
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Yegolev
Moderator
Posts: 24440
2/10 WOULD NOT INGEST
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I wonder how much of the online media Murdoch intends to buy? All of it, no doubt.
You don't get where he is by not having goals. |
Why am I homeless? Why do all you motherfuckers need homes is the real question.
They called it The Prayer, its answer was law
Mommy come back 'cause the water's all gone
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HaemishM
Staff Emeritus
Posts: 42666
the Confederate flag underneath the stone in my class ring
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My brain just went SPROING!
That's the sound of something so completely overvalued as to be Dot.bomb like. I don't care how many McIGN ads they run, that fucking festering hole of dungswallowers isn't worth $6.50.
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WayAbvPar
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There's something poetic about the Vault Network and Fox News being under the same banner.
I wonder if Fox originally found O'Reilly and Hannity on the Vault? That would explain A LOT. |
When speaking of the MMOG industry, the glass may be half full, but it's full of urine. HaemishM
Always wear clean underwear because you never know when a Tory Government is going to fuck you.- Ironwood
Libertarians make fun of everyone because they can't see beyond the event horizons of their own assholes Surlyboi
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Stormwaltz
Terracotta Army
Posts: 2918
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Expect the addition of a new morality rating system, ranging from Blue (safe for children and busybody soccer moms) to Red (if you buy this game, the terrorists win).
And Shadow Hearts - or any other game that "glamorizes the homosexual lifestyle" - will never be reviewed again.
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Nothing in this post represents the views of my current or previous employers.
"Isn't that just like an elf? Brings a spell to a gun fight."
"Sci-Fi writers don't invent the future, they market it."
- Henry Cobb
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AOFanboi
Terracotta Army
Posts: 935
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My brain just went SPROING! What, you had any brain left to go sproing after AOL bought Time Warner for a hefty helping of hot air back then? |
Current: Mario Kart DS, Nintendogs
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Shockeye
Staff Emeritus
Posts: 6668
Skinny-dippin' in a sea of Lee, I'd propose on bended knee...
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I guess we can look forward to all Fox movies be rated highly Fresh on Rotten Tomatoes.
Also, I don't see why they would keep TeamXbox and 3D Gamers going with IGN already covering all that. Might as well streamline.
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ClydeJr
Terracotta Army
Posts: 474
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Expect the addition of a new morality rating system, ranging from Blue (safe for children and busybody soccer moms) to Red (if you buy this game, the terrorists win).
Sounds Fair and Balanced to me... |
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Strazos
Greetings from the Slave Coast
Posts: 15542
The World's Worst Game: Curry or Covid
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Well, it seems my Fileplanet sub will be useless soon.
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« Last Edit: September 08, 2005, 03:05:56 PM by Strazos »
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Fear the Backstab!
"Plato said the virtuous man is at all times ready for a grammar snake attack." - we are lesion
"Hell is other people." -Sartre
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Hanzii
Terracotta Army
Posts: 729
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I wonder how much of the online media Murdoch intends to buy? All of it, no doubt.
He has publicly stated he plans to spend $1 billion so he is more than halfway done. Cool, then he still has 350 mill left to by f13 - can I have a t-shirt when it happens? |
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I would like to discuss this more with you, but I'm not allowed to post in Politics anymore.
Bruce
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schild
Administrator
Posts: 60350
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Yes.
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Shockeye
Staff Emeritus
Posts: 6668
Skinny-dippin' in a sea of Lee, I'd propose on bended knee...
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I wonder how much of the online media Murdoch intends to buy? All of it, no doubt.
He has publicly stated he plans to spend $1 billion so he is more than halfway done. Cool, then he still has 350 mill left to by f13 - can I have a t-shirt when it happens? He already spent $580 on MySpace so he's over his limit. |
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Venkman
Terracotta Army
Posts: 11536
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If anyone notices any difference between IGN now and next year, I'll be very surprised. How it's worth that much, I have no idea, except to assume it's based on the place being seen as an electronic version of all the print ad space companies seem to like hyping the value of.
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shiznitz
Terracotta Army
Posts: 4268
the plural of mangina
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I wonder how much of the online media Murdoch intends to buy? All of it, no doubt.
He has publicly stated he plans to spend $1 billion so he is more than halfway done. Cool, then he still has 350 mill left to by f13 - can I have a t-shirt when it happens? He already spent $580 on MySpace so he's over his limit. That $1 billion figure was after MySpace as far as I can tell. |
I have never played WoW.
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Llava
Contributor
Posts: 4602
Rrava roves you rong time
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Expect the addition of a new morality rating system, ranging from Blue (safe for children and busybody soccer moms) to Red (if you buy this game, the terrorists win).
No way, they'd never do that. That'd be portraying blue as the good color and red as the bad one. The liberal media does enough brainwashing already, Fox doesn't need to help them out! |
That the saints may enjoy their beatitude and the grace of God more abundantly they are permitted to see the punishment of the damned in hell. -Saint Thomas Aquinas, Summa Theologica
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