Source: VentureBeat
One of our favorite Gaming News Sites is up for sale. Today News Corp has announced their plan to sale IGN. This sale includes everything IGN owns such as: 1UP, GameSpy and UGO. Check out more below and via the following link.
Multimedia conglomerate News Corporation teamed with investment bank Allen & Co. to sell off its IGN Entertainment division.
IGN is a network of websites primarily focused on video games and pop culture. It ranks in the top 500 most-trafficked sites on the Internet according to monitoring site Alexa. It covers a spectrum of topics under different channels. In addition to the popular Xbox 360 and PlayStation 3 channels, it also has hubpages for television, movies, and technology.
In 2005, News Corp. purchased the entire network of IGN websites for $650 million. The auction is expected to net around $100 million according to The Wall Street Journal.
This will be another dot-com loss for News Corp. which sold Myspace.com for $35 million in 2011 after purchasing it for $580 million in 2005.
They should have put Greg Miller up for sale, not IGN.