Summary:

News Corp.’s digital unit is continuing on its non-core asset sale plan: first Photobucket to Ontela, and now comes the sale of popular movi…

Rotten Tomatoes
photo: Flickr/heath_bar

News Corp.’s digital unit is continuing on its non-core asset sale plan: first Photobucket to Ontela, and now comes the sale of popular movie reviews site Rotten Tomatoes, to Flixster. As was the structure with the sale of Photobucket, News Corp (NYSE: NWS) unit IGN Entertainment, which owned RT, will get a minority stake in Flixster as part of the sale and get one board seat. Financial terms of the transaction were not disclosed, but unlikely the sale price (at least in terms of cash) was very high. The deal talks were first reported by AllThingsD last month.

Both the sites will remain separate. They had already been working together in the past, including a recent deal that syndicates critic reviews from Rotten Tomatoes to Flixster

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