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UGO Acquires 1Up, EGM Mag to Close
Filed under: ZIFF DAVIS, UGO, 1UP, EGM
UGO has made its move to purchase one of the most popular online gaming networks, which includes 1UP, from Ziff Davis Media. The deal is official and the sale encompasses 1UP.com, Mycheats.com, GameVideos.com and one of our affiliates Gametab.com. In addition, Ziff Davis Media's EGM Magazine, the well-known gaming mag, is going to be discontinued. This makes the mag's January 2009 issue the final printed issue.

"We believe this is a smart transaction for Ziff Davis Media that places these market leading assets and teams in a great environment poised for further success. The transaction allows us to pay down debt and shift our full focus to our core PCMag Digital Network business. We thank our 1UP team members for their contributions and wish them the best of success into the future", said Ziff Davis Media CEO Jason Young.

"Since we started UGO 11 years ago, we have served the gamer community and built a world-class online publishing platform," said J Moses, CEO of UGO Entertainment. "The acquisition of 1UP, with its authentic voice, tenured editorial personalities and bustling user community, allows us to expand our base of quality content and represents a major step forward in UGO's mission to become the leader in the games space."

The news was later updated, indicating that UGO's acquisition of 1UP led to over 30 Ziff employees being let go, including a number of veterans from 1UP network.



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2 post(s)
Reader Comments
Blurg Jan 08 2009, 04:45 am EST
A number? All of them from what I hear. Company Massacre.
Vader [STAFF] Jan 08 2009, 05:54 am EST
Well, I think the entire EGM staff was let go, but not those working on 1up I think.
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