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News Corp.'s IGN to Acquire Hearst's UGO

12:35 PM PDT 5/5/2011 by Georg Szalai

The deal will "create a clear leader in video games media" with a big audience of young males, the companies said.

NEW YORK - As News Corp. continues to pursue a sale of social network MySpace, it said Thursday that video game IGN Entertainment, another part of its digital portfolio that is focused on video game and entertainment enthusiasts, has agreed to acquire Hearst Corp.'s UGO Entertainment.

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