IGN Unloads GameSpy to Glu Mobile for $2.7 Million

Mobile entertainment company Glu Mobile has purchased GameSpy from News Corp. for about $2.7 million in stock. The online multiplayer and matchmaking technology company was bought by IGN in 2004 for roughly $57 million. Later IGN and its properties were purchased by News Corp.

"Our acquisition of GameSpy brings Glu industry-recognized leadership in online, cross-platform technology infrastructure," said Niccolo de Masi, the CEO of Glu.

GameSpy licenses its multiplayer and matchmaking middleware technology to game developers and publishers. It also hosts FilePlanet and a number of "Planet" sites, though whether those sites were part of the deal is unknown as of this writing. We assume that Glu Mobile now owns the editorial arm of GameSpy – GameSpy.com – as well, but what the future holds for editorial operations attached to the brand remains a question mark as well…

More on this story as it develops.

[Full Disclosure: the author is a former employee of GameSpy and IGN.]

Source: DMW

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  1. 0
    ZippyDSMlee says:

    Your new to the US aren't you? In the US backers back CEOs and company officials as so they get stock money on the front end when things look good then the CEO's and officials get to destroy the company reap massive rewards by raping the pensions, savings and any other assets the company has then move on to the next company.

  2. 0
    GrimCW says:

    GSpy sucked since arcade was released, and only proceeded to get worse after IGN bought them.. but then again IGN was never any good so no surprise there.

    really goes to show how bad GSpy had gotten though, thats a helluva loss in that sale.. 54 mil less than was paid for it… ouch…

    what is with these big companies buying out the awesome little ones and destroying them lately only to end up at a loss… shouldn't business be about making profit, not killing your IP?

  3. 0
    MechaCrash says:

    Yeah, GameSpy has "industry recognized leadership in online, cross-platform technology infrastructure," but I don't think it's recognized for being any damn good.

    Flushing that turd and using the actually functional Steamworks is one of the reasons I'm willing to give Borderlands 2 a chance after the fiasco that was the PC version of the first game.

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