Hearst Buys UGO for Estimated $150 Million

Next Story

San Francisco Gets Power Outage; Web Gets Downtime

Hearst Corporation announced today that it will acquire UGO Networks, Inc., a leading online entertainment company, for an estimated $150 million. For Hearst, this will be the win of one of the most popular men’s lifestyle brands on the web.

With over 28 million uniques worldwide, UGO is one of the few sites that survived the dotcom crash — recently celebrating its 10th year online. That’s 10 years of publishing their angle on every game system, movie, music artist, and all thats new in the world of comics.

Those of us in our twenties were in high school playing the Nintendo 64. Hardly Web 2.0, but a very solid Web 1.0 that has proven itself a big enough powerhouse that the Hearst Corporation (owners of Popular Mechanics, Sling, among others) decided they needed their expertise.

Other terms of the acquisition were not disclosed. Read the official press release here.


Non Contact AC Electric Voltage Tester Detector -- 2 Pack - WITH BATTERIES - US  picture
Non Contact AC Electric Voltage Tester Detector -- 2 Pack - WITH BATTERIES - US
Acme T-1-69430 Constant Voltage Regulator .25KVA 120/208/240/480V - 120/208/240V picture
Acme T-1-69430 Constant Voltage Regulator .25KVA 120/208/240/480V - 120/208/240V
Amprobe High Voltage Clamp on Meter, RS-1 picture
Amprobe High Voltage Clamp on Meter, RS-1
50pcs High Voltage Ceramic Disc Capacitors 472 4700PF 4.7nF 1KV 1000V picture
50pcs High Voltage Ceramic Disc Capacitors 472 4700PF 4.7nF 1KV 1000V
XD-39 DC12V-30V PWM to Voltage Converter Module 0%-100% PWM to 0-10V picture
XD-39 DC12V-30V PWM to Voltage Converter Module 0%-100% PWM to 0-10V