Giantbomb, GameSpot and C-Net sold to Red Ventures

[jbug617]

The sale is expected to close in Q4 of 2020, with CNET Media Group EVP and GM mark Larkin and other senior executives moving to Red Ventures along with the acquisition.

Red Ventures declined to comment to Variety when asked if this acquisition would result in any layoffs.

CNET Media Group includes gaming outlets GameSpot and Giant Bomb, as well as reviews aggregator site Metacritic.

It was purchased by CBS back in 2008 for $1.8 billion, and CBS re-merged with Viacom in December of last year.

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ViacomCBS sells CNET Media Group to digital marketing company Red Ventures

Digital media and marketing company Red Ventures has announced it has purchased CNET Media Group from Viacom CBS for a …

t.co

 

[TheMoon]

ViacomCBS sells CNET Media Group to digital marketing company Red Ventures

Digital media and marketing company Red Ventures has announced it has purchased CNET Media Group from Viacom CBS for a …

t.co

Click to shrink...

ViacomCBS sell CNET Media Group (Gamespot, Giant Bomb, Jeff Bakalar) to digital marketing company Red Ventures - GamesIndustry.biz

If I recall, that's Giant Bomb and Gamespot EDIT: Jeff's response https://jeff.zone/post/629248131375169536/we-all-have-our-radios-tuned-to-the-jeff-zone

www.resetera.com

 

[Bear]

Oh wow, didn't realize that this included both GameSpot and GB as well.

 

[Goldenroad]

Huh. Not too worried about GB, as they seem pretty self-sufficient with their subscription model, but I don't know a lot about the profitability of CNET or GameSpot. I hope everyone comes out on the right side of this.