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” cove …
Read the full story at The Verge.