BUSINESS BLOGS
BUSINESS BLOGS
category: business
16 May 2008
related tags: M&A | Management | News Corp./FIM | IGN | CBS | CNET |

When I worked at IGN, I recall the hatred and disdain the brass there had for CNET.  CNET owned Gamespot.com, IGN owned both GameSpy.com and of course, IGN.com.  Not being a gamer, I did not get the rivalry.

That, was child’s play compared to the competition between Rupert Murdoch and Sumner Redstone.  The former went on to buy IGN Entertainment for $650M in 2005, the latter’s CBS (where he is Chairman) today acquired CNET for $1.8B.

I think the war of the media moguls just escalated a tad today.