News Corp. expands Internet portfolio with IGN Entertainment

0 Comments | AFP, September, 2005

NEW YORK (AFP) — Media-entertainment giant News Corp. announced plans to acquire IGN Entertainment, a privately held San Francisco Internet games and entertainment company, for 650 million dollars.

The move extends the Internet presence of the giant controlled by Australian-born magnate Rupert Murdoch, who has indicated he wants to increase the cyberspace presence of the firm.

IGN operates a number of websites with a particular focus on video games, including GameSpy, GameSpy Arena and 3D Gamers, as well as movie-related site Rotten Tomatoes and men's lifestyle site AskMen.com.

News Corp. said IGN Entertainment will be folded into its Fox Interactive Media unit.

"With the acquisition of IGN and its 28 million unique users, we have gone a long way...

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