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

Target Feels Progress Lies Ahead But Trims Its Outlook For the Year
Bank of America to Settle Matters With Close to $17 Billon
Medical Device Tax to Support Obamacare Is Not Collecting as Much Cash as was Ex
Standard Chartered to Pay$300 Mln Penalty By Order of New York Regulators
In July Construction of  New Homes Grow to Eight Month High
Shares of Apple Hit a Record High Before Its New iPhone 6 Arrives
Google: Its Growth and Stature
A Survey Says 36% of Americans Have No Savings for Post Retirement Years
Former Co -owners and Two Employees of Rancho Feeding Corp. Charged with Felonie
Audit Report Says Illinois Overdrew Money From Federal Medicaid
Slack in Demands Slide the Price of Homes in China
Data breach in Jewel-Osco Stores Discovered