HipMojo.com http://watchmojo.com/web/blog Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&A, Financing, VCs Sat, 21 Nov 2009 20:08:58 +0000 http://wordpress.org/?v=2.1.3 en Mogul Wars http://watchmojo.com/web/blog/index.php/2008/05/15/mogul-wars/ http://watchmojo.com/web/blog/index.php/2008/05/15/mogul-wars/#comments Fri, 16 May 2008 01:49:35 +0000 Ashkan Karbasfrooshan CBSCNETIGNM&AManagementNews Corp./FIM http://watchmojo.com/web/blog/index.php/2008/05/15/mogul-wars/ 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.

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