Consolidation in the game info space is beginning to happen: IGN Entertainment and GameSpy will merge to create a company offering gaming news, information, downloads, data services and community features. The deal is expected to close in the first half of 2004. IGN Chief Executive Mark Jung will be CEO of the combined company, and GameSpy Chairman Mark Surfas will be chief strategy officer. Both the IGN.com and GameSpy.com brands are expected to be retained after the deal closes.
Daily Variety (sub. req.): The merged entity would have an estimated value of $125 million-$175 million.
IGN recently went private in a buyout lead by Great Hill Partners and the IGN management team.
For more details, read the company statement.
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