| |

Xfire Bought by Viacom for $102M

The gaming website Xfire, dedicated to stat tracking and voice chat for online computer games, has been bought out by Viacom. The news comes just months after News Corp., the parent company of Fox News, bought IGN. According to GameSpot, Viacom “has reached an agreement with Xfire Inc. to acquire the gaming utility company for $102 million in cash. Viacom will make Xfire part of its MTV Networks, where it hopes to increase its advertising revenues by leveraging the parent company’s marketing channels and global penetration.”