Ziff Davis Gets Out Of The Game: Sells 1UP Digital Net To Hearst; Shutters EGM Mag
January 6, 2009Looking to conserve its resources for its PC Mag Digital business, Ziff Davis Media has sold off the 1UP Digital Network, its collection of video game sites, to Hearst Corp., which will fold it into the UGO Entertainment division. In conjunction with the sale, the related print mag Electronic Gaming Monthly will publish its last issue this month. Terms of the deal, which was negotiated by GCA Savvian Advisors, were not disclosed.
Source
http://www.paidcontent.org/entry/419-ziff-davis-sells-1up-digital-net-to-hearst-shutters-egm-mag/
Related companies
Ziff Davis, Inc.
The Hearst Corporation
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