EPTIGN on sale for $100 million by News Corps - Page 6
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Grubby
Netherlands318 Posts
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ticklishmusic
United States15977 Posts
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canikizu
4860 Posts
News Corp purchased IGN in 2005 for $650 million. Last year, the company also acquired online gaming network UGO and folded its properties (including 1Up.com) into its one-time rival. IGN has also sold a handful of businesses in recent years, including Rotten Tomatoes, Direct2Drive, and GameSpy Technologies. The Wall Street Journal (another News Corp. publication) reports that IGN is expected to sell for about $100 million now. Can somebody explain this to me? Is IGN a whole thing included RT, D2D, gamespy,.... and it was sold off bit by bit over the year, now they only have $100 million piece of business left? | ||
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EGLzGaMeR
United States1867 Posts
On October 17 2012 08:11 iNcontroL wrote: ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! 4k right here!! lets do this Leeroyyyy jenkins style! :D | ||
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Lonyo
United Kingdom3884 Posts
On October 17 2012 12:46 canikizu wrote: Can somebody explain this to me? Is IGN a whole thing included RT, D2D, gamespy,.... and it was sold off bit by bit over the year, now they only have $100 million piece of business left? Pretty much. That doesn't mean the bits they sold off were worth $550mil, just that the bits left are now considered to be worth $100m. It wouldn't surprise me if News Corp make a big loss overall. Apparently they own Askmen, Gamespy (website), IGN and some other sites. | ||
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ReachTheSky
United States3294 Posts
On October 17 2012 12:26 FXOBoSs wrote: If someone is devaluing their company by 500 million, I wouldn't touch it with a 10 million foot pole. Its a desperation sell and it will get chomped up by some shark who will then drive it further into the ground. they bought it for 600 million when 3-4 other subs were with it, they sold those other comppanies since thus why ign is only oging for 100 mil | ||
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cz
United States3249 Posts
IGN is one of many "we don't make money" internet websites out there that somehow want to value them high because, oddly enough, someone is dumb enough to think they might be worth $100 million if that's what they announce. It's a hysteria that will die in the next stock crash when people stop believing the hype and start asking "where's the profit?" | ||
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Probe1
United States17920 Posts
Its flagship gaming site IGN.com (along with GameSpy, FilePlanet, and TeamXbox) is the US's leading gaming network; IGN also operates lifestyle site AskMen.com. Together, its IGN sites attract more than 40 million unique monthly visitors globally (in the US, Australia, and Germany). I'm sure what you meant to say was something like, "I don't know much about IGN but I don't like the website. Easily attainable financial information on IGN that shows over 200 employees, some paid six figure salaries or higher. IGN offers an extensive selection of products over a dozen websites. I'm sure the 16 year old company has some means of income even though I'm just too lazy to look or think about it before i post" | ||
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Wolfswood
United States349 Posts
On October 17 2012 12:57 cz wrote: I don't know what kind of traffic they get now, but in 2005 IGN was hugely popular. They operated one of the busiest message boards on the internet and actually made rather large dollars in ad revenue.$100 mil? Worth $2 million tops. Where is their revenue coming from exactly? Tiny dollars from ads? IGN is one of many "we don't make money" internet websites out there that somehow want to value them high because, oddly enough, someone is dumb enough to think they might be worth $100 million if that's what they announce. It's a hysteria that will die in the next stock crash when people stop believing the hype and start asking "where's the profit?" | ||
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Froadac
United States6733 Posts
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QuanticCinergy
United States37 Posts
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FlukyS
Ireland485 Posts
On October 17 2012 08:11 iNcontroL wrote: ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! Im in I got 100 euro thats worth like $10k right? | ||
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Chaggi
Korea (South)1936 Posts
am i lcose? | ||
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DavoS
United States4605 Posts
On October 17 2012 08:11 iNcontroL wrote: ALRIGHT FOLKS. I got like, 3k$? WHo else is in on this with me!!?! I've got 43 bucks. I'm trying to save for Green Day tickets, but I'm willing to make these sacrifices | ||
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Ben...
Canada3485 Posts
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EAGER-beaver
Canada2799 Posts
On October 17 2012 13:53 Ben... wrote: I remember GameSpy. I actually kinda liked that service. Though I was 9 and I only used it for Medal of Honor: Allied Assault. It kinda died a while back from what I remember. Or at least it isn't nearly as big as it was when I used it. MoH and Battlefield 1942 were huge on it. Gamespy was ass, I remember giving up on warcraft 2 multiplayer because it was so crap. Thank god for bnet 1.0, HUGE improvement. Oddly enough, bnet 2.0 proved to be worse then gamespy, at least gamespy had chat. | ||
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Ettick
United States2434 Posts
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BbBoS
United Kingdom25 Posts
 Really hope this doesn't affect the IPL or any of the other leagues going on, really like their content :/ | ||
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Chillax
England585 Posts
It's a shame the brand isnt vanishing entirely. | ||
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CajunMan
United States823 Posts
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