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Report: UGO Close to Acquiring 1UP
by Nick Breckon, Dec 10, 2008 6:33pm PSTAccording to a report by Joystiq, UGO Entertainment is in talks to purchase the majority of Ziff Davis Media's 1UP Network, including 1UP.com, GameVideos.com and MyCheats.com.
The talks are said to be "very advanced," with the 1UP editorial staff reportedly being informed of the sale on Tuesday.
The story, sourced from anonymous tipsters within Ziff Davis, notes that UGO will not likely re-brand the purchased sites under the UGO Entertainment label.
The news does not bode well for the print arm of 1UP, Electronic Gaming Monthly, which UGO is apparently not interested in buying. The New York Times reported last month that Ziff Davis CEO Jason Young was considering closing EGM due to declining profit margins.
Download provider Filefront.com was also singled out as one branch that UGO is uninterested in picking up with the deal.
Comments
Argh!!! The 1UP are one of the few groups of game journalists I actually like! Between them, Shack, and Blue I get all the gaming news I need.
Ah well, at least it isn't IGN or Gamespot or Gamespy... the horror... the horror....
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1up = Snuggly blanket.
That is all.
I guess Ziff Davis is really going down the shitter these days.
Man I miss Jeff Green and Sean Elliot.
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