San Francisco-based company Fandom announced the acquisition of entertainment and gaming brands from Red Ventures. The deal includes GameSpot, Metacritic, TV Guide, GameFAQs, Giant Bomb, Cord Cutters News, and Comic Vine.
According to Fandom, mentioned websites collectively bring in 46 million active users each month. The financial terms of the deal has not been opened to the public yet but according to Variety’s sources Fandom will roughly pay $50 million in cash to Red Venture who had acquired GameSpot, Metacritic and Giant Bomb as part of the $500 million acquisition from CNET Media Group in 2020.
Fandom CEO Perkins Miller said:
“We’re thrilled to add these powerful, authoritative brands into the Fandom platform, which will expand our business capabilities and provide immersive content for our partners, advertisers and fans. The trusted insights, ratings and content they provide will make us a one-stop shop for fans across their entertainment and gaming journey.”
Fandom had been expanding across the fan ecosystem in the last couple of years. Entertainment company had acquired ScreenJunkies in 2018, Curse Media in 2019 and Fanatical in 2021.