IGN snaps up German gaming site
Giga.de is IGN's first major international acquisitionCOLOGNE, Germany -- Online gaming giant IGN Entertainment is moving into the German market with the acquisition of local gaming site Giga.de, according to German media reports.
The deal is actually something of an internal corporate shuffle. The largest shareholder of Giga's parent company, pay TV group Premiere, is Rupert Murdoch's News Corp., which also controls IGN.
According to its own estimation, IGN is the world's largest gaming portal, operating such sites as GameSpy, FilePlanet and TeamXBox. The group also controls popular movie review site Rottentomatoes.com.
Giga.de, one of Germany's top gaming portals, will be IGN's first major international acquisition, although the company does operate localized versions of their flagship site in the U.K. and Australia.
Giga had been close to collapse. Last month, the company shut down its branded TV channel, citing budget cuts from Premiere, although it continued to support its online gaming community.