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Active: 503 users

IGN on the verge of being sold

Forum Index > SC2 General
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1 2 3 Next All
ssg
Profile Joined July 2011
United States1770 Posts
February 01 2013 23:25 GMT
#1
http://pandodaily.com/2013/02/01/sources-ziff-davis-is-close-to-buying-ign/



Ziff Davis the reported buyer for below 100 million. It previously sold for 650 million.

It’s no secret that News Corp. has been trying to sell gaming portal IGN for some time. It even floated an aspirational price to the Wall Street Journal: $100 million.

We’ve heard all sorts of rumors about who the buyer could be since that article — even including at one point the raging LA upstart Machinima.

PandoDaily has learned from two sources that a deal is finally very close and that the buyer is one people weren’t expecting: Ziff Davis. We couldn’t get confirmation of the price, but we’ll keep digging. We’re told it’s below the $100 million asking price, but that it was appealing anyway because it was a cash offer.

Ziff Davis is a digital media company that operates PCMag Digital Network among other properties focusing on the technology space. The company, itself, was acquired by business cloud services J2 Global Communications in November 2012 for $167 million in cash.



It will be interesting to see if/how this affects IPL. I figure it will hurt more than anything not having the backing of of a giant like NewsCorp.
Master of DalK
Profile Blog Joined June 2012
Canada1797 Posts
February 01 2013 23:30 GMT
#2
Hopefully IPL stays strong, especially with all the new production value to IPL recently
@MasterDalK | Maelstrom Entertainment | Streaming Every Esport Under the Sun
MetalPanda
Profile Joined April 2012
Canada1152 Posts
February 01 2013 23:30 GMT
#3
Yeah I'd love a statement from David Ting on if it could affect IPL.
ProV1
Profile Blog Joined September 2010
United States980 Posts
February 01 2013 23:30 GMT
#4
IGN was previously sold for 650 million?
Comadevil
Profile Joined September 2010
Germany214 Posts
February 01 2013 23:31 GMT
#5
On February 02 2013 08:25 ssg wrote:
It will be interesting to see if/how this affects IPL. I figure it will hurt more than anything not having the backing of of a giant like NewsCorp.

Don't think so. If they wanted to sell it all along, they didn't invest that much money anymore into IGN.
T.O.P. *
Profile Blog Joined January 2009
Hong Kong4685 Posts
February 01 2013 23:32 GMT
#6
On February 02 2013 08:30 ProV1 wrote:
IGN was previously sold for 650 million?

Bought by News Corp for 650 million in 2005.
Oracle comes in, Scvs go down, never a miscommunication.
MCXD
Profile Blog Joined February 2012
Australia2738 Posts
Last Edited: 2013-02-01 23:39:14
February 01 2013 23:37 GMT
#7
I'm not a business expert or anything but I would assume that this buy out would have absolutely no short term effects on IPL and such, but it may have long term effects down the track?

Which is to say that if anything bad were to come of this it would be a few months down the track, and with plenty of opportunity for intervention, so to speak.

However it it's also possible that it works out for the better, should their buyer happen to want to grow the site and its (currentl) projects.
StarStruck
Profile Blog Joined April 2010
25339 Posts
February 01 2013 23:38 GMT
#8
It could definitely affect them with new ownership.
partydude89
Profile Blog Joined August 2012
1850 Posts
February 02 2013 00:00 GMT
#9
my prediction? two months from now, we see the thread "Evil Geniuses buys IPL." seems legit.
#1 Official Hack Fan|#2 Bomber behind Wintex.|Curious|Life|Flash|TY|Cure|Maru|sOs|Jin Air Green Wings fighting!|SBENU Fighting!|
blade55555
Profile Blog Joined March 2009
United States17423 Posts
February 02 2013 00:01 GMT
#10
On February 02 2013 09:00 partydude89 wrote:
my prediction? two months from now, we see the thread "Evil Geniuses buys IPL." seems legit.


If EG has almost 100 million dollars my lord (I know they don't) .

Also I wonder how this will affect future IPL's if any at all.
When I think of something else, something will go here
Marti
Profile Joined August 2011
552 Posts
February 02 2013 00:04 GMT
#11
On February 02 2013 08:32 T.O.P. wrote:
Show nested quote +
On February 02 2013 08:30 ProV1 wrote:
IGN was previously sold for 650 million?

Bought by News Corp for 650 million in 2005.

I don't get it : news corp bought ign for 650 mill and they're selling it for 100 ?
What happened ? Did ign loose that much value in those 8 years ?
Or do they just want to get rid of it real quick ?
#adun giveafuck - - - "Did this guy just randomly finger me?" - Sayle
canikizu
Profile Joined September 2010
4860 Posts
February 02 2013 00:25 GMT
#12
On February 02 2013 09:04 Marti wrote:
Show nested quote +
On February 02 2013 08:32 T.O.P. wrote:
On February 02 2013 08:30 ProV1 wrote:
IGN was previously sold for 650 million?

Bought by News Corp for 650 million in 2005.

I don't get it : news corp bought ign for 650 mill and they're selling it for 100 ?
What happened ? Did ign loose that much value in those 8 years ?
Or do they just want to get rid of it real quick ?

They bought IGN Entertainment, which is the bundle of many sites, such as IGN, Gamespy, Askmen,.... for 650mil.
PhoenixVoid
Profile Blog Joined December 2011
Canada32740 Posts
February 02 2013 00:26 GMT
#13
Hopefully this doesn't affect IGN badly, I like their gaming news and reporting as much as I love IPL.
I'm afraid of demented knife-wielding escaped lunatic libertarian zombie mutants
Xandaren
Profile Blog Joined April 2011
United States93 Posts
February 02 2013 00:45 GMT
#14
This may be an odd cross promotion but David Ting will be on Climbing The Ladder on Tuesday to discuss IPL6, it may be beneficial to tune in to that. Perhaps a caller will ask about it or they'll ask the question if its asked enough in their thread. It's probably the best chance we'll have to ask him directly his thoughts on that sale.
Just chill man.
Lonyo
Profile Blog Joined December 2009
United Kingdom3884 Posts
February 02 2013 00:49 GMT
#15
On February 02 2013 09:25 canikizu wrote:
Show nested quote +
On February 02 2013 09:04 Marti wrote:
On February 02 2013 08:32 T.O.P. wrote:
On February 02 2013 08:30 ProV1 wrote:
IGN was previously sold for 650 million?

Bought by News Corp for 650 million in 2005.

I don't get it : news corp bought ign for 650 mill and they're selling it for 100 ?
What happened ? Did ign loose that much value in those 8 years ?
Or do they just want to get rid of it real quick ?

They bought IGN Entertainment, which is the bundle of many sites, such as IGN, Gamespy, Askmen,.... for 650mil.

(But NewsCorp do have a history of massively overpaying for online stuff. Also is IGN really worth even $100m...?)
HOLY CHECK!
Grettin
Profile Joined April 2010
42381 Posts
Last Edited: 2013-02-02 00:54:08
February 02 2013 00:52 GMT
#16
I hope the new buyer whether it is Ziff Davis or someone else, still keeps IPL where it is.
"If I had force-fields in Brood War, I'd never lose." -Bisu
Ben...
Profile Joined January 2011
Canada3485 Posts
February 02 2013 01:01 GMT
#17
Ziff had some pretty major publications back in the day. They were recently bought by someone. They were quite instrumental in a few tech sites as well so it will be interesting to see how this goes
"Cliiiiiiiiiiiiiiiiide" -Tastosis
Baum
Profile Blog Joined April 2010
Germany1010 Posts
February 02 2013 16:31 GMT
#18
On February 02 2013 08:37 MCXD wrote:
I'm not a business expert or anything but I would assume that this buy out would have absolutely no short term effects on IPL and such, but it may have long term effects down the track?

Which is to say that if anything bad were to come of this it would be a few months down the track, and with plenty of opportunity for intervention, so to speak.

However it it's also possible that it works out for the better, should their buyer happen to want to grow the site and its (currentl) projects.


I'm not a business expert either but I wouldn't be so sure about that. If a potential buyer has a different approach to what IGN is currently doing it could mean that there will be a big overhaul which could affect IPL quite a bit.
I want to be with those who share secret things or else alone.
Novalisk
Profile Blog Joined February 2011
Israel1818 Posts
Last Edited: 2013-02-02 16:43:53
February 02 2013 16:43 GMT
#19
This could be really bad for IPL, but thanks to certain games it isn't bleeding money as much as it used to.
/commercial
nomyx
Profile Joined June 2012
United States2205 Posts
February 02 2013 17:10 GMT
#20
Wouldn't be surprised if IPL6 is the last ign event.
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