IGN Going Public
Today, IGN Entertainment announced that it has filed with the Securities and Exchange Commission in order to take an offering of the company's shares public. All of the shares in the proposed offering will be sold, according to the release. IGN owners Great Hill partners were recently looking for someone to purchase the company, and then priced IGN for over $800 million dollars.
According to Media Metrix, IGN and its sister sites attract over 25 million users a month. This includes GameSpy, RottenTomatoes, FilePlanet, TeamXbox, and VE3D. IGN also provides online gaming technology for hundreds of video game developers.
http://biz.gamedaily.com/articles.asp?a ... 0064#10064