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by redm
4878 days ago
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This is a great example of a cyclical industry. Ziff-Davis buys 1UP and other sites and then hits a wall with its debt load. After the bankruptcy, liquidates and sells 1UP to UGO. UGO is sold to IGN/News Corp. Ziff Davis brand is recapitalized without the debt, buys 1UP and the rest back. The long standing brands never really die, they are just recycled. |
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Hopefully, none of these acquired sites will be shit canned, but sadly, Ziff is well known for destroying things.