Looks like another nice acquisition for AOL, with news that they’ve acquired Games Daily:
AOL LLC announced today that it has acquired GameDaily ( http://www.gamedaily.com ), one of the Internet’s leading independent video game publications, from Gigex, Inc.
AOL’s agreement with Gigex closed on August 10th, 2006. Financial terms were not disclosed.
Founded in 1995 and based in San Francisco, CA, the privately-held Gigex serves the mainstream gaming audience with its GameDaily.com website, one of the top three most visited video gaming information destinations on the Web. In addition, the company reaches industry decision makers each day with the GameDaily Biz newsletter, the most widely read video game trade publication.
As part of the agreement, AOL will acquire both the GameDaily consumer website ( http://www.gamedaily.com ) and the industry-leading newsletter, ( http://Biz.GameDaily.com ), which just received a “New First” award for its outstanding ongoing coverage of the video games industry by AEIM*. GameDaily will become the flagship video games brand within the AOL Games network, and will be united with content and community features currently found on the AOL Video Games website ( http://www.aol.com/videogames).
Odd thing is, can’t see the news anywhere else other than at the site (nothing at techmeme, techcrunch, even Calacanis.com at the time of writing (3:20pm +8GMT), maybe I’m the first to notice this…as I noted on Jason Calacanis’ blog the other day in a comment, AOL is on one bloody great big rollercoaster of a ride at the moment, although I’m sure this acquisition will be on the up side of the rollercoaster.
Tags: AOL, Games Daily