Rotten Tomatoes Sold to Flixster by News Corp

.

Rotten Tomatoes Sold to Flixster by News Corp

Rotten Tomatoes, the movies review website, has been sold by News Corp to Flixster, which collects user reviews for its various website and mobile applications.

One of the first websites to gain popularity, Rotten Tomatoes was sold to News Corp, as part of IGN, in the year 2005 for $650 Million. IGN is responsible for running several websites aimed at youngsters, including GameSpy and TeamXbox.

Although the financial nuances of the deal have not been revealed, it has been confirmed that IGN has gotten a minority stake in Flixster, in addition to IGN's boss getting an observer seat on the board.

13 staff members of Rotten Tomatoes will be joining Flixster's 45 employees across its San Francisco offices.

"There's no secret plan to launch a FlixsterRottenTomatoes. com... [The takeover] jump-starts us from being an exciting but emerging player to being a leader in the category", said Flixster's Chief Joe Greenstein.


Latest News

Feds Expected to Trim Bond Purchases, Could Also Offer Hazy Clues on Interest Ra
After First Six Months of Sales Toyota Remains at Top
McDonald's Franchisee ruling Gives Rise to Business-Labour Arguments
Breakage in Main Pipe Causes Havoc in UCLA
Southwest Airlines to Be Charged a Fine of $12 million Over Issues Related to Re
Zillow to Purchase Trulia; A Merger That Will Create a Real Estate Giant Listing
More than One Third of Americans Debt Offenders
Video Shows Baby Turtles Heading to Sea
Bear Stearns, Alan 'Ace' Greenberg, dies at 86
Former U.S. official Says President Obama Could Restrain Corporate 'Inversions'
As U.S. Stocks Ascend, NYC Pension Funds Report 17.4%  Returns on Investments
Food Scandal in China, Parent Company to Investigate Matters