News Warner Logo

News Warner

Polygon’s new owner says it will ‘do what’s right for Polygon’

Polygon’s new owner says it will ‘do what’s right for Polygon’

  • Polygon, a gaming and entertainment site formerly owned by Vox Media, has been acquired by Valnet, a company owning over 27 brands across various industries.
  • The acquisition was initiated by Valnet, which has expressed interest in Polygon for “some time” and views it as a “triple-A gaming brand” with significant potential.
  • Valnet’s gaming portfolio already includes several popular sites, such as GameRant, TheGamer, and Fextralife, and the company is “bullish” on expanding its coverage of gaming content.
  • The terms of the deal were not disclosed, but Valnet aims to ensure that Polygon has the “deepest” coverage possible, building on the site’s existing reputation for in-depth reporting and analysis.
  • Following the acquisition, Polygon’s new ownership is committed to doing what’s right for the site and its community, with a focus on maintaining its high-quality content and editorial standards.

Polygon, The Verge’s former sister site dedicated to covering gaming and entertainment, is now owned by Valnet, a company that owns more than 27 different brands covering gaming, entertainment, sports, travel, and more. The transition is, let’s say, ongoing: a day after the acquisition, the site still said it was a Vox Media property, and the site’s coverage continued more or less uninterrupted.

But Valnet has indeed acquired Polygon, so to learn more about the deal, why the company acquired it, and the future of the site, I got on the phone with Valnet’s head of mergers and acquisitions, Rony Arzoumanian.

Polygon is a “triple-A gaming brand” that Valnet has been of “high interest” for “some time,” Arzoumanian said. Valnet’s gaming portfolio also includes GameRant, TheGamer, Fextralife, DualShockers, Hardcore Gamer, and OpenCritic. Arzoumanian said the company is “bullish” on gaming coverage.

We think Polygon has a lot of potential and could be much more.

Valnet initiated the Polygon deal, and Arzoumanian said the conversations started a “few months ago.” He declined to share the terms of the deal.

Going forward, Valnet wants to ensure that Polygon has the “deepest” covera …

Read the full story at The Verge.

link

Q. Who is the new owner of Polygon?
A. Valnet, a company that owns more than 27 different brands covering gaming, entertainment, sports, travel, and more.

Q. Why did Valnet acquire Polygon?
A. Valnet has been “bullish” on gaming coverage and thinks Polygon has a lot of potential to be much more.

Q. What is the current status of Polygon’s ownership transition?
A. The transition is ongoing, with Polygon still listing as a Vox Media property a day after the acquisition.

Q. How long have conversations about acquiring Polygon been going on?
A. Conversations started a few months ago.

Q. Can you share any details about the terms of the deal?
A. No, Valnet declined to share the terms of the deal.

Q. What is Polygon’s current coverage like?
A. Polygon’s coverage continued more or less uninterrupted after the acquisition.

Q. How does Valnet plan to ensure Polygon has the “deepest” coverage possible?
A. Valnet wants to ensure that Polygon has the deepest coverage possible, but no further details were provided.

Q. What other gaming brands does Valnet own besides Polygon?
A. Valnet’s gaming portfolio includes GameRant, TheGamer, Fextralife, DualShockers, Hardcore Gamer, and OpenCritic.

Q. Why is Valnet interested in Polygon specifically?
A. Valnet thinks Polygon has a lot of potential and could be much more.

Q. What does Rony Arzoumanian, head of mergers and acquisitions at Valnet, say about the acquisition?
A. Arzoumanian said that Valnet is “bullish” on gaming coverage and thinks Polygon has a lot of potential to be much more.