News Corporation to acquire IGN in $650 million

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News Corporation to acquire IGN in $650 million deal
Contributed by oddcrap on 08 Sep 2005 - 20:40

Rupert Murdoch's media empire News Corporation is set to acquire top US videogames website publisher IGN Entertainment in a deal worth some $650 million, according to a report in the Wall Street Journal today. The deal - which remains unconfirmed by both companies - apparently comes as the result of a bidding war for the internet company between News Corp and rival media group Viacom. IGN, whose sites include the eponymous IGN.com as well as GameSpy.com and TeamXbox.com, along with several non-games properties such as RottenTomatoes.com and AskMen.com, is the largest acquisition News Corp has made so far in the Internet space.
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People say this "News Corp" is Fox News.

[Mephistopheles]

650 million USD? that is a lot man, many people never get that amount of money in their entire lives, although some guys *cough* Bill Gates *cough* earn really much more.

Let's see what happens.