Fox News Buys IGN Entertainment For $650 Million
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Many of our readers might have visited IGN’s major video game-related sites like IGN.com, GameSpy, GameSpy Arena, FilePlanet, TeamXbox, 3D Gamers, Direct2Drive, and GameStats.com and will be shocked to know that they were just sold to Fox News for $650 million dollars.
Fox News Corporation announced today that it had signed a definitive agreement to acquire IGN Entertainment, Inc, a leading community-based Internet media and services company for video games and other forms of digital entertainment, for approximately $650 million in cash. IGN and its network of sites will become part of News Corporation’s Fox Interactive Media unit.
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