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CNET Acquires SportsGamer To Broaden Gaming Coverage

By Staci D. Kramer - Thu 26 Jul 2007 04:16 PM PST

Tucked into CNET Network earnings (Nasdaq: CNET) Thursday, an announcement that the company has added—acq-hired, to be more exact—SportsGamer.com. with its focus on mainstream sports games, to extend GameSpot’s reach in the category. The deal closed earlier this month and the site, along with its community of sports gamers, is already part of CNET. Nothing official about terms but gather the range was high six-low seven figures. The start-up, based in New York and Cincinnati, was founded in May 2006, according to GameSpot. (The acquisition actually was reported by GameSpot in early July but slipped under the vacation radar.)

CNET’s Zander Lurie says the acquisition “was an opportunity for us to build up content offerings in the sports media game area, which we know is important to our users and content partners.”

Posted in: Companies, CNET, Entertainment, Gaming, Sports, VC+M&A


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