News Corp (Fox) buys IGN for $650 mil

[Raedon]

http://biz.yahoo.com/bw/050908/85339.html


NEW YORK--(BUSINESS WIRE)--Sept. 8, 2005--News Corporation announced today that it had signed a definitive agreement to acquire IGN Entertainment, Inc, a leading community-based Internet media and services company for video games and other forms of digital entertainment, for approximately $650 million in cash. IGN and its network of sites will become part of News Corporation's Fox Interactive Media unit.

[Falcon]

wow... You think this may improve IGN...?

[NE146]

Yep.. we were talking about this in #vbender this morning.

...And you thought IGN couldn't get any crappier.. WRONG LOL

[MegaDrive20XX]

Wow...just wow...I didn't see that one coming by a land slide.... O_O

[izret101]

Where in the hell did Fox get that kind of money!?!?!?!?

Wonder how things will go with that site from now on...

[krbrunn]

Where in the hell did Fox get that kind of money!?!?!?!?

Wonder how things will go with that site from now on...

I'm pretty sure 650 mill is a drop in the bucket to news corp.

[Jorpho]

NOOOOOOO! No, no, no, no, no! Nothing good can come of this! NOTHING!

At least it wasn't CNet, but it's only a matter of time now.

[fpstream]

I think it'll be identical Cnet getting Metacritic, nothing changes, it tried and true. Why change it?

[goatdan]

As long as Fox doesn't try to spin their reviews...

Oh hell, all review sites do that anyways now. I guess it probably won't change ;)

[njiska]

So does this mean every game review is gonna be slanted towards the right? It had to be said.

Oh well IGNorrant can't get any worse.

[MegaDrive20XX]

So does this mean every game review is gonna be slanted towards the right? It had to be said.

Oh well IGNorrant can't get any worse.

More like, more FAMILY GUY and fox show pop ups...."SORRY to interrupt your review reading! but FAMILY GUY IS ON EVERY SUNDAY NIGHT AT 8/7 central! ONLY ON FOX!!"

Great reminders...but annoying...

[chrisbid]

i think this proves that rupert murdoch isnt really a conservative, he just knows where the money is

they also bought myspace recently, is DP next?!

[njiska]

i think this proves that rupert murdoch isnt really a conservative, he just knows where the money is

they also bought myspace recently, is DP next?!

So help me god if Joe sells out i'll kill him. *cocks rifle* LOL

[Slimedog]

$650 mil? Fox was robbed. Have they ever been to IGN?

[Half Japanese]

Yeah, some of you may recall that Fox also purchased MySpace a month or two ago. Looks like, since they already have a firm grip on the elderly (speaking for my own grandparents here), they need something to appeal to that rebellious youth market!