Multiple sources in and around Ziff Davis Media have told Joystiq that
UGO Entertainment is on the verge of finalizing a deal to buy parts of Ziff’s 1UP Network, including 1up.com, GameVideos.com and MyCheats.com.
The sources, who asked to remain anonymous due to the sensitivity of the talks, confirmed to Joystiq that the companies were in “very advanced talks” regarding the sale of many of Ziff’s popular gaming web sites. 1UP Network editorial staff were reportedly informed of the potential sale in an all-hands meeting Tuesday and UGO executives will reportedly be flying out to meet with the Ziff staff as soon as Wednesday. Few details of the potential buyout plan are known at this time, but UGO reportedly plans to keep the Ziff sites operating independently as separate entities with their own branding, rather than subsuming them fully into the UGO Entertainment Network.
Our sources also report that UGO has little to no interest in purchasing either
Electronic Gaming Monthly magazine or FileFront.com, two wavering pillars of Ziff’s increasingly shaky Game Group. Ziff has had particular trouble selling ads for upcoming issues of EGM, suggesting that the February issue might be the final one for the long-running magazine, our sources reported.
This is good news in my mind. I absolutely love 1up’s audio/video coverage and have been worried for some time that they might close down. I’m glad to hear that UGO is apparently going to rescue that group and keep them operating independently.
I’m bummed to hear that EGM might not be around next year as I’m a loyal subscriber. It’s too bad that magazines can’t seem to stick around these days. I’ll certainly miss having EGM come once a month if it does indeed kick the bucket.
parts of Ziff’s 1UP Network, including
1up.com, GameVideos.com and MyCheats.com.
What other parts are there?
Shit! I even did a search for the term “1up” which the search bot told me was no where to be found. Damnit!
Sorry for the double thread. Please let this slide into oblivion where it belongs.