News Corp. to Acquire IGN

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You may not have noticed, but today we all put on our Ultra Force Helmets and pulled out the really fancy Diet Dr. Pepper: Rupert Murdoch's News Corporation is set to purchase IGN Entertainment for an estimated $650 million in cash. Yes, we're big. Oops, we're bigger!

The deal will make IGN and its many properties -- including IGN.com, GameSpy, FilePlanet, Rotten Tomatoes, and TeamXbox, to name several -- a part of News Corporation's Fox Interactive Media division. The transaction is expected to close by the end of the year.

Why News Corporation? The company is eager to expand its presence online, because Internet media is genuinely hot these days. Why IGN? Because when it comes to games and entertainment online, we're hotter than hot.

For those wondering why this is significant, consider that News Corporation is the parent company of, among others, 20th Century Fox, Fox Television, Fox News, DirecTV, TV Guide, HarperCollins, the New York Post, and Intermix, the owners of MySpace.com.

What does it all mean? While higher-ups at both companies are working out all the details, it's business as usual here at IGN.com. To be honest, now that the tingling's gone, we feel and smell the same. We can't say for sure yet, but given the resources at News Corporation, readers should find IGN getting bigger and better, while remaining independent, loveable, entertainment-crazy IGN.

Source: IGN

[G4everX]

I wonder how much this will change things. Gamestop bought Ebgames, and so far, nothing has changed (on the outside).

[George]

Well IGN works so i dont see why they would want to change it