IGN Gets Foxy

News Corporation to Acquire IGN Entertainment, Inc. (thanks Frans) is the press release confirming rumors that Rupert Murdock's media conglomerate is acquiring IGN Entertainment, saying the transaction will involve $650 million in cash. Here's a bit on the move:
With the addition of IGN, Intermix and Scout Media to the existing Fox-branded sites, News Corporation's U.S. web traffic will increase to nearly 70 million unique monthly users and more than 12 billion page impressions per month, putting the Company in the top echelon of most trafficked sites on the Internet today. The combined sites will also provide a powerful cross-promotional opportunity for Fox's television and film content and enable the company to more efficiently introduce new products and services using its enhanced web presence.