NewsCorp Buys IGN for $650 Million

Posted Fri, Sep 09, 2005 by Boomjack

IGN Assimilated
NewsCorp headed by Rupert Mudoch has signed a definitive agreement to purchase IGN for $650 million in cash. CNN Headline News declined comment, though they agreed that the following might be sensational enough to print:

" NEW YORK--(BUSINESS WIRE)--Sept. 8, 2005--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. "

You can read the entire News Corporation to Acquire IGN Entertainment Press Release at Yahoo.
 

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