IGN Acquires Gamer Network

Business Mergers and Acquisitions

22 May 2024 17:04

According to latest reports, IGN Entertainment, owned by Ziff Davis, has acquired the entire Gamer Network of brands, including Eurogamer, GamesIndustry.biz, Rock Paper Shotgun, and VG247, along with stakes in several others.

The deal also encompasses shares in Outside Xbox, Digital Foundry, Nintendolife, PushSquare, Pure Xbox, and Time Extension.

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Following the acquisition, there have been reports of layoffs among journalists across the brands as they integrate into the larger platform. The financial terms of the acquisition have not been disclosed. The exact number of affected employees remains unclear. Editors from Rock Paper Shotgun and GamesIndustry.biz are among those reportedly laid off.

IGN, a well-known video game news outlet, was founded in 1996 and quickly became a leading source for game reviews and ratings even though its reviews were criticized recently the company still has millions of readers. In 2013, it was acquired by Ziff Davis, a publishing company. Under Ziff Davis' ownership, IGN expanded its portfolio, acquiring the video game digital storefront Humble Bundle in 2017.

Tags: IGN

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