IGN Going Up For Auction

[Gahars]

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.

...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.

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.

 

[Clarky]

not that I have really looked at the site in years suprised to see they seem to be falling out of love with the big media

 

[Hyro-Sama]

I hope the investor that purchases IGN dismantles the company. It's far past its prime now.

 

[emigre]

Costello should buy IGN and make it part his Hong Kong-based GBAtemp empire.

 

[beta4attack]

But how can somebody buy IGNorance? XP

 

[DSGamer64]

But how can somebody buy IGNorance? XP

Simple, fire all the employees and restructure with new staff who actually give a crap and aren't a bunch of casual CoD and Halo loving fanboys who drool over 540p resolution console graphics.

 

[shakirmoledina]

I kinda liked IGN actually

 

[Lanlan]

I hardly know anything about this kinda stuff, but $100 million seems kinda low

 

[Gahars]

I hardly know anything about this kinda stuff, but $100 million seems kinda low

Especially considering it was purchased for $650 million...

 

[gamefan5]

.... Auction ignorance? Who would buy that? XD

 

[DSGamer64]

I kinda liked IGN actually

I used to like IGN about 7 or 8 years ago. I have since lost a lot of respect for them and the only thing worth using their site for is previews of games.

 

[Guild McCommunist]

I'd say there net worth is a 2/10. Improving them would be too hard.

GOD HAND NEVER FORGET.

 

[dgwillia]

Maybe this will finally be the end of IGN.....couldnt say that I would miss them. They have literally got some of the worst reviewers in the industry (Outside of a few other sites who give bad reviews simply for page views)

 

[narutofan777]

i hope this is bad news for ign.

 

[Traversal]

It'll be interesting to see how this goes, and what'll happen afterward. I'd like to see big changes, rather then dismantling, though most likely it'll be neither and things will stay roughly the same anyways.

 

[InuYasha]

Waits for some game company to buy it to post fake good scores for their games...

 

[Guild McCommunist]

Waits for some game company to buy it to post fake good scores for their games...

The console makers can already do that. Nintendo had Nintendo Power, Sony has Playstation Magazine or whatever, Microsoft has Xbox Magazine.

Also everyone would find something is rotten in the state of Denmark if any developer/publisher bought them and started pushing high scores for their games.

 

[InuYasha]

Other then that theres no real reason to buy the company unless you wanted to destroy it but i'ts pretty much dead already...

 

[Janthran]

Maybe someone who buys it will actually be able to make it good.
HAAAAAAAAAAH!

 

[Geren]

I'd say there net worth is a 2/10. Improving them would be too hard.

GOD HAND NEVER FORGET.

You casual.

Babyz on the other hand, is for the hardcore player.