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NewsCorp takes IGN

flogen · 2005-09-09 00:30:36

The second big online buy out by NewsCorp sees IGN (and thus rottentomatoes.com and gamespy.com) going to the Murdoch machine for a whopping $650m. link. Pretty amazing stuff, IGN, gamespy and rotten tomatoes are some of the best know entertainment sites on the internet (however plagued with adverts they may be). Murdoch…

09-09-2005 01:30AM

#1

flogen

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The second big online buy out by NewsCorp sees IGN (and thus rottentomatoes.com and gamespy.com) going to the Murdoch machine for a whopping $650m.

link.

News Corp, the media firm owned by billionaire Rupert Murdoch, has agreed to buy IGN Entertainment, an internet video game company, for $650m (£354m).

News Corp is looking to increase its online interests and earlier this year spent $580m buying Intermix Media.

The acquisition is further proof that Mr Murdoch has abandoned any aversion to the internet and online companies.

Pretty amazing stuff, IGN, gamespy and rotten tomatoes are some of the best know entertainment sites on the internet (however plagued with adverts they may be). Murdoch seems to have long given up hope of his own internet breakthrough and is instead buying everyone elses.

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