Buy Of News Corp.'s IGN Doubles Ziff Parent's Media Biz

Law360, New York (February 4, 2013, 1:32 PM EST) -- Rupert Murdoch's News Corp. media empire has unloaded its IGN Entertainment Inc. collection of websites to j2 Global Inc. unit Ziff Davis Inc., more than doubling the size of the buyer's digital media business, the company said Monday.

The parties did not name a purchase price or say how Ziff Davis would cover the purchase. The buyer said it expected San Francisco-based IGN's sites would add value to its 2013 earnings after one-off costs tied to the transaction.

In the deal, New York-based Ziff Davis will...
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