News Corp’s IGN gaming and entertainment property has just acquired Hearst’s gaming and entertainment property UGO, we’ve confirmed with the company. And yes, the move is step one towards News Corp. spinning out IGN as its own property sometime relatively soon, we’re told. This news was first reported by MediaMemo a few days ago as the deal was still being finalized.
I got the chance to talk to… → Read More
As you’re no doubt aware by now, UGO (owned by Hearst) has >bought 1UP.com</a from Ziff Davis. EGM, the venerable gaming mag, is no more, with the upcoming February issue set to be its last. Well played, Hearst. → Read More
Hearst Corporation unit UGO Entertainment has agreed to acquire 1UP.com, a property attracting a gamer audience along with its associated sites including GameVideos.com, MyCheats.com and GameTab.com. There had been rumors about a pending acquisition for a couple of weeks (more specifically, reported by Joystiq), but yesterday evening the company released the official news.
The acquisition deal is… → Read More
We got a tip earlier this evening that Hearst acquired New-York based UGO and will announce the deal tomorrow. It sounds like Forbes got a tip as well, and a better one: they’re saying the price should be around $100 million. UGO is a popular new media site that was founded in 1997 and, according to Forbes, is generating around $30 million/year in revenue. They spring up in rumors often as a… → Read More