GameFly Inc., a subscription-based videogame rental company, has acquired Shacknews Ltd., operator of gaming news site Shacknews and gaming digital download site FileShack.com. No financial terms were disclosed. GameFly has raised venture capital from Lehman Brothers Venture Partners and Sequoia Capital.
GameFly.com, the leading subscription-based videogame rental company, announced today that it has acquired Shacknews Ltd., the parent company of the Web’s leading independent news site, Shacknews.com, and videogames-related digital download site, FileShack.com.
Shacknews.com, commonly referred to as “The Shack,” is one of the oldest and most respected independent sources of video game information.
Shacknews.com is rated by both comScore, Inc. and Compete as one of the top five video game news Web sites. FileShack.com is a popular destination for PC game patches, video, betas and trailers for video games on all console platforms. Founded in 1995 by Steve Gibson, Shacknews is revered among hardcore gamers as a hub for news, features and editorial relating to both PC and console games. GameFly plans to maintain the editorial team of Shacknews.com, while offering technology and infrastructure resources to support additional reach and scale.
“Shacknews.com and FileShack.com are a perfect fit for GameFly as we continue to expand and diversify our offering,” says David Hodess, GameFly CEO. “With its avid, engaged community and commitment to providing an independent voice for gamers seeking the most accurate and up-to-date news and information, it goes to the core of our vision as a company, which is to be the ultimate resource for the entire gaming community.”
“When I started Shacknews fourteen years ago, I couldn’t have dreamed it would grow to become what it is today,” says Gibson. “GameFly has demonstrated a true understanding of and commitment to the authentic gaming culture. We are confident they will protect the legacy and community we’ve established, while at the same time providing much needed resources to expand into new and exciting areas that would not otherwise be possible.”
GameFly continues to build on its leadership position in the online videogame rental market by offering a wide range of gaming resources not only to loyal subscribers, but to the gaming community as a whole.
GameFly™ is the leading online video game rental service. With a choice of more than 6,000 titles, GameFly offers the widest selection of games for the PlayStation® 2, PlayStation® 3, Xbox™, Xbox 360™, GameCube™, Game Boy™ Advance, Nintendo DS™, Nintendo Wii™ and PSP™ without the hassle of due dates or late fees. With plans starting at $15.95 a month, GameFly subscribers can rent one to four games at a time and keep them for as long as they like. Subscribers manage their GameQ™ online and receive games directly from the U.S. Postal Service via first class mail. GameFly is also a great source for high quality, used video games at exceptional prices. For more information and a free trial, please visit www.gamefly.com.
About Shacknews Ltd.
Founded in 1995 by Steve Gibson, Shacknews Ltd. has been a leader in online video game information and downloads for over a decade. Shacknews.com and FileShack.com are home to one of the largest and most active gaming communities in the world. Shacknews and the writers it employs have been cited and honored as a top industry information source by CNN, Time Magazine, Newsweek, PC Magazine, Forbes and countless others. For more information visit www.shacknews.com or www.fileshack.com.