The rumors will finally subside after today’s acquisition of 1UP by the new parent company UGO Entertainment and Hearst Corp.

With many company’s merging to stay afloat in this current recession, many who thought that video games were recession proof better think again. Today, 1UP and family (video game blogs) will now be part of a new entertainment network. I wish everyone well at 1UP and hope this takeover is anything but hostile. The below was taken from 1UP.com.
UGO Entertainment and parent Hearst Corporation have acquired 1UP and its associated sites GameVideos.com, MyCheats.com, and GameTab.com. 1UP and its sites now join UGO’s network of gaming properties that will reach over 40 million monthly unique visitors. UGO and 1UP representatives commented on the deal:
“Since we started UGO 11 years ago, we have served the gamer community and built a world-class online publishing platform,” said J Moses, CEO of UGO Entertainment. “The acquisition of 1UP, with its authentic voice, tenured editorial personalities and bustling user community, allows us to expand our base of quality content and represents a major step forward in UGO’s mission to become the leader in the games space.”
“We are extremely excited to join the UGO team,” said Sam Kennedy, editorial director and creator of 1UP. “Relying on UGO?s publishing platform will allow us to focus on what we do best?creating great content and ‘owning the conversation’ among gamers through our unique, authentic and definitive voice and community.”
Via 1UP.com
More News as we get it…






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