News Corp's IGN gaming and entertainment property has just acquired Hearst's gaming and entertainment property UGO, we've confirmed with the company. And yes, the move is step one towards News Corp. spinning out IGN as its own property sometime relatively soon, we're told. This news was first reported by MediaMemo a few days ago as the deal was still being finalized. I got the chance to talk to IGN President Roy Bahat about the news and he wanted to reiterate that while there's been a lot of talk about News Corp.

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