Quote:
IGN For Sale
by hal at 12:17 PM EDT (Industry News) [ 9 Comments ] #8442
GameDAILY is reporting on a NY Post story stating that gaming mega-conglomerate IGN and its subsidiaries are for sale. Break open the piggy bank!
According to the NY Post, IGN Entertainment is seeking buyers for their internet empire. Reports say the company is looking to sell for nearly $850 million, and may go public. Great Hill partners purchased IGN in 2003 for $26 million. Lehman Brothers, a global finance firm, is helping the company explore its options and large media conglomerates, such as Viacom, are among IGN's top suitors.
ONLY $850 million!?! any takers?