GotFrag got owned.

We'll see what happens. I've already seen the little 1.6 cry babies come out of the woodworks to moan, "Oh noes my dearest GotFrag is dead now stupid MLG consoles aren't competitive blah blah blah cry cry cry whine some more." It was bought out for supposedly 5-7 million dollars, which, honestly, is extremely low. MLG got a 20-30 million dollar company for cheap. I bet we'll see the VOD turn to Octoshape now, which is amazing in its own right. Going to be interesting, especially with GotFrag's "unbiased" coverage *cough*neverputsanyothermediacompany'snameinarticles*cough*.

DJ

I was unaware Gotfrag sold for that much money. I'm surprised. I don't see how it's worth more than a million bucks, let alone 30 million. I can't see that website making more than $100K a year.

I guess MLG is buying based on the number of user accounts on the GotFrag website.

The main reason it is worth so much is the advertising power that it has. When you consider that essentially 100% of the CS community takes whatever GF says as gospel, and is driven by what is said on GF, all you have to do is put up an ad for really anything and it'll be snapped up in an instant. The website itself isn't anything special, other than the fact that they were charged something along the lines of $50K to have it done, and the company that did it is now charging ridiculous amounts for shoddy work. The flip side to all this, is that with all the acquisitions MLG is making, they're diluting their working capital fairly far. Spreading themselves kinda thin. Even 30 million gets used up when you're talking figures this large.

DJ