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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.
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Hopefully IPL stays strong, especially with all the new production value to IPL recently
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Yeah I'd love a statement from David Ting on if it could affect IPL.
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IGN was previously sold for 650 million?
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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.
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T.O.P.
Hong Kong4685 Posts
On February 02 2013 08:30 ProV1 wrote:
IGN was previously sold for 650 million?
Bought by News Corp for 650 million in 2005.
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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.
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It could definitely affect them with new ownership.
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my prediction? two months from now, we see the thread "Evil Geniuses buys IPL." seems legit.
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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.
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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 ?
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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.
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Hopefully this doesn't affect IGN badly, I like their gaming news and reporting as much as I love IPL.
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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.
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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...?)
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I hope the new buyer whether it is Ziff Davis or someone else, still keeps IPL where it is.
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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
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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.
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This could be really bad for IPL, but thanks to certain games it isn't bleeding money as much as it used to.
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Wouldn't be surprised if IPL6 is the last ign event.
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On February 03 2013 02:10 nomyx wrote:
Wouldn't be surprised if IPL6 is the last ign event.
David Ting said there would be more IPLs in the future, and just because they are losing money, doesn't mean they have to stop a pretty successful business. Remember IPL isn't just StarCraft, they have LoL and Shootmania as other games.
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On February 03 2013 02:13 PhoenixVoid wrote:Show nested quote +On February 03 2013 02:10 nomyx wrote:
Wouldn't be surprised if IPL6 is the last ign event. David Ting said there would be more IPLs in the future, and just because they are losing money, doesn't mean they have to stop a pretty successful business. Remember IPL isn't just StarCraft, they have LoL and Shootmania as other games.
Exactly, IPL doesn't have all of its eggs in one basket as far as competition goes. I think that IPL's weekly content is superb relative to other major leagues. I will tune into rebroadcasts all the time Fight Club especially is fantastically fun (though I preferred HyuN club myself)
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On February 03 2013 02:13 PhoenixVoid wrote:Show nested quote +On February 03 2013 02:10 nomyx wrote:
Wouldn't be surprised if IPL6 is the last ign event. David Ting said there would be more IPLs in the future, and just because they are losing money, doesn't mean they have to stop a pretty successful business. Remember IPL isn't just StarCraft, they have LoL and Shootmania as other games.
I hope so, I do enjoy IPL's live events much more than MLG's.
But did David Ting say that before or after IGN was bought? Because if I bought a company and they had a product that was losing them money (IPL) that would be one of the first things I'd cut.
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On February 03 2013 02:22 nomyx wrote:Show nested quote +On February 03 2013 02:13 PhoenixVoid wrote:On February 03 2013 02:10 nomyx wrote:
Wouldn't be surprised if IPL6 is the last ign event. David Ting said there would be more IPLs in the future, and just because they are losing money, doesn't mean they have to stop a pretty successful business. Remember IPL isn't just StarCraft, they have LoL and Shootmania as other games. I hope so, I do enjoy IPL's live events much more than MLG's. But did David Ting say that before or after IGN was bought? Because if I bought a company and they had a product that was losing them money (IPL) that would be one of the first things I'd cut.
evidently whoever is sponsoring them now feels the lsot money is worth it for the advertisement
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United Kingdom14103 Posts
I really hope that IGN isn't in trouble or anything. I suppose if sponsors are continuing to sponsor though the everything can't be too bad.
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Ziff Davis is back? Seems kind of weird they close out 1up then decide to buy IGN a few years down the road
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I still don't understand why IGN has fallen so hard in worth. Between them and gamespot I don't really check many other gaming oriented review/news sites. Also I wouldn't worry too much about IPL, I imagine they will keep it going.
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Good riddance
You know what they say you can't spell ignorant without IGN
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The 650 million OP speaks of, wasn't that back in 2005-2006 when IGN Entertainment existed which was allot of other sites and just and not the current IGN? Didn't they like sell off allout of IGN to what it is now?
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On February 02 2013 08:30 ProV1 wrote:
IGN was previously sold for 650 million?
When they switched owners before in like 06 or something.
IPL is fairly independent financially so this may not affect them at all, wouldn't worry until there is something to worry about.
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On February 03 2013 02:50 AnomalySC2 wrote:
I still don't understand why IGN has fallen so hard in worth. Between them and gamespot I don't really check many other gaming oriented review/news sites. Also I wouldn't worry too much about IPL, I imagine they will keep it going.
IGN doesn't review games, they advocate for them. Maybe people stopped reading after realizing IGN can't be taken seriously lol.
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Doritos and Mountain Dew to purchase IGN.
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On February 03 2013 02:13 PhoenixVoid wrote:Show nested quote +On February 03 2013 02:10 nomyx wrote:
Wouldn't be surprised if IPL6 is the last ign event. David Ting said there would be more IPLs in the future, and just because they are losing money, doesn't mean they have to stop a pretty successful business. Remember IPL isn't just StarCraft, they have LoL and Shootmania as other games.
That becomes void when you have new ownership.
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On February 03 2013 02:58 Doodsmack wrote:Show nested quote +On February 03 2013 02:50 AnomalySC2 wrote:
I still don't understand why IGN has fallen so hard in worth. Between them and gamespot I don't really check many other gaming oriented review/news sites. Also I wouldn't worry too much about IPL, I imagine they will keep it going. IGN doesn't review games, they advocate for them. Maybe people stopped reading after realizing IGN can't be taken seriously lol.
Yeah that is extremely true. That said, who needs game reviews these days anyways. Basically you can tell what is going to be good or not way before it comes out. Reviews are mostly just for entertainment purposes nowadays.
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is this a good or a bad thing?
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On February 03 2013 02:58 Doodsmack wrote:Show nested quote +On February 03 2013 02:50 AnomalySC2 wrote:
I still don't understand why IGN has fallen so hard in worth. Between them and gamespot I don't really check many other gaming oriented review/news sites. Also I wouldn't worry too much about IPL, I imagine they will keep it going. IGN doesn't review games, they advocate for them. Maybe people stopped reading after realizing IGN can't be taken seriously lol.
Yea, you can get some crazy nonsense as this...
+ Show Spoiler +
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On February 03 2013 03:22 AnomalySC2 wrote:Show nested quote +On February 03 2013 02:58 Doodsmack wrote:On February 03 2013 02:50 AnomalySC2 wrote:
I still don't understand why IGN has fallen so hard in worth. Between them and gamespot I don't really check many other gaming oriented review/news sites. Also I wouldn't worry too much about IPL, I imagine they will keep it going. IGN doesn't review games, they advocate for them. Maybe people stopped reading after realizing IGN can't be taken seriously lol. Yeah that is extremely true. That said, who needs game reviews these days anyways. Basically you can tell what is going to be good or not way before it comes out. Reviews are mostly just for entertainment purposes nowadays.
Well reviews work but only if you know the person that reviewed it and his/her tastes.
Giantbomb does this well cause the reviewer aint just a name, you can see an hear these people on their site and after a while you know which games they like and not.
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Pandemona
Charlie Sheens House51493 Posts
Wow, big news, do hope the new buyers have a new direction for IGN.
Could quite possible mean the cancellation of IPL 6...even if not because the new owners don't want it, just because it is to soon since they have taken it over and such.
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On February 03 2013 03:56 Assirra wrote:Show nested quote +On February 03 2013 02:58 Doodsmack wrote:On February 03 2013 02:50 AnomalySC2 wrote:
I still don't understand why IGN has fallen so hard in worth. Between them and gamespot I don't really check many other gaming oriented review/news sites. Also I wouldn't worry too much about IPL, I imagine they will keep it going. IGN doesn't review games, they advocate for them. Maybe people stopped reading after realizing IGN can't be taken seriously lol. Yea, you can get some crazy nonsense as this... + Show Spoiler +
Yeah why have different standards depending on the market for said game. Honestly Those 2 games can't be and should not be compared. It is a stupid example.
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Well at least Machinima aren't buying it. That'd be horrible for everyone involved.
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IGN TO EG! Calling it!
On a serious note. What is going to happen to the IPL if IGN is sold? :o
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On February 03 2013 03:06 Lukeeze[zR] wrote:
Doritos and Mountain Dew to purchase IGN.
I'm afraid I don't quite have the funds for this
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On February 03 2013 04:15 MountainDewJunkie wrote:Show nested quote +On February 03 2013 03:06 Lukeeze[zR] wrote:
Doritos and Mountain Dew to purchase IGN. I'm afraid I don't quite have the funds for this
Get a person named Doritos to pay the other half.
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IPL is the only sc2 premium service I purchase beside two seasons of GSLs in the past (light tickets). They roll out amazing content at a rather affordable price (GSL light ticket costed more and the stream quality is really meh).
But given the amount of "free content" out there: will people be willing to spend money on esports to keep the ball rolling?
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On February 03 2013 02:51 vividred wrote:
Good riddance
You know what they say you can't spell ignorant without IGN
IGN is crap, but IPL is awesome.
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On February 03 2013 04:33 Hikari wrote:
IPL is the only sc2 premium service I purchase beside two seasons of GSLs in the past (light tickets). They roll out amazing content at a rather affordable price (GSL light ticket costed more and the stream quality is really meh).
But given the amount of "free content" out there: will people be willing to spend money on esports to keep the ball rolling?
People don't have to spend money on eSports to keep the ball rolling. Game publishers in the past few years have gone to organizations such as ESL/IPL/MLG to promote their games in the eSports stage, just as an advertising tool.
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Are there any details of IGN's asset and income distribution available to the public? It would be interesting to see what portion of IGN makes up IPL's activities, and from that proposed sale price drive out a value for that specific business.
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Just been bought out from j2 Global
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Deja vu? Or am I imagining things again?
On February 05 2013 00:39 MarkCJ wrote:
Just been bought out from j2 Global
Pretty sure you're bullshitting/have no idea what you're talking about. Link or nope.
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On February 05 2013 00:57 Mortal wrote:Deja vu? Or am I imagining things again? Pretty sure you're bullshitting/have no idea what you're talking about. Link or nope.
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Convenient that both sites are blocked at my work, yet TL isn't. Interesting indeed.
+ Show Spoiler +Seriously? FoxBusiness blocked? What is going on here ;_;
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On February 05 2013 01:01 Mortal wrote:Convenient that both sites are blocked at my work, yet TL isn't. Interesting indeed. + Show Spoiler +Seriously? FoxBusiness blocked? What is going on here ;_;
All work and no play...
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On February 05 2013 01:02 nomyx wrote:Show nested quote +On February 05 2013 01:01 Mortal wrote:Convenient that both sites are blocked at my work, yet TL isn't. Interesting indeed. + Show Spoiler +Seriously? FoxBusiness blocked? What is going on here ;_; All work and no play...
It's like they gave me legos and demanded the manner in which they are played with. Oh well, at least I have legos.
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Just out of a blue here...
Didn't Mark Cuban mentioned in his twitter that he is interested in being part of eSport? He did show up at MLG and such.
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Ryan Wyatt from Machinima tweeted that the acquisition is said to have happened for under $100m. Who knows though!
I hope IPL stays the way it is.
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EPT![[image loading]](http://i.imgur.com/44GtP.jpg)
