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Polygon Sold to Valnet, Leading to Major Staff Layoffs

Vox Media has divested its gaming site Polygon, transferring ownership to Valnet and resulting in widespread editorial job losses as the site integrates into its new parent company's portfolio.

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Overview

  • Vox Media confirmed the sale of its gaming-focused publication Polygon to Valnet, a digital media company known for sites like GameRant and TheGamer.
  • The acquisition has led to significant layoffs, with the majority of Polygon's editorial staff, including co-founder and editor-in-chief Chris Plante, departing the outlet.
  • Valnet plans to integrate Polygon into its existing gaming portfolio, which includes several prominent gaming and entertainment websites.
  • Vox Media stated the sale allows the company to reallocate resources to other strategic growth areas, citing economic pressures and industry shifts.
  • Criticism has emerged regarding Valnet's labor practices, with concerns about exploitative conditions raised by former contributors to its other properties.