Videogames megasite IGN.com has been spun-off from Fox Media and sold to former EGM/1-UP owner Ziff Davis, the company announced today via blog post and twitter. Along with the flagship site, Ziff now owns the likes of UGO, 1-UP and gaming events like the IGN Pro League.

It has long been rumored that IGN was preparing to either be sold off to a new owner, spun-off into their own entity or worse case auctioned off entirely. Reportedly News Corp spent part of 2011 looking for a new buyer for the site before working with investment bank Allen & Co to auction off the company for around $100 million.Read More