So, IGN. Love it or hate it (most likely hate it), the gaming site has been around for quite some time. From their coverage of news to their reviews, IGN is a powerful, recognizable name in gaming today.
For now, anyway. If the Wall Street Journal is to be believed, IGN may soon be on the auction block.
Games Industry International
Apparently there is some interest from other corporations in the sale, but there's nothing conclusive on that front. News Corp. has so far refused to comment on the speculation, so take that as you will.
Anyway, you might want to break out the handkerchiefs with the auction placards; we may bid IGN a fond farewell soon enough.
For now, anyway. If the Wall Street Journal is to be believed, IGN may soon be on the auction block.
...After a year of fruitless talks with potential bidders, parent company News Corp. is working with investment bank Allen & Co. to auction off the group of entertainment and video game websites.
News Corp purchased IGN in 2005 for $650 million. Last year, the company also acquired online gaming network UGO and folded its properties (including 1Up.com) into its one-time rival. IGN has also sold a handful of businesses in recent years, including Rotten Tomatoes, Direct2Drive, and GameSpy Technologies. The Wall Street Journal (another News Corp. publication) reports that IGN is expected to sell for about $100 million now.
Apparently there is some interest from other corporations in the sale, but there's nothing conclusive on that front. News Corp. has so far refused to comment on the speculation, so take that as you will.
Anyway, you might want to break out the handkerchiefs with the auction placards; we may bid IGN a fond farewell soon enough.