Here is a list of 1up/EGM staff that have been let go.

Adrian Frieg
Amy Mishra
Amy Moran
Andrea Garcia
Andrew Fitch
Andrew “Skip” Pfister
Anthony Gallegos
Cesar Quintero
Christina Rosa
CoyLou Steel
Derek Chinn
Doug Parsons
Eric Ellis
Giancarlo Varanini
Greg Ford
James “Milkman” Mielke
Jason Bertrand
Jason Wilson
Jervilyn Jaramillo
Justin Frechette
Leslie Gelfand
Marci Yamaguchi
Matt Chandronait
May Tong
Meredith Stowe
Michael Donahoe
Monique Convertito
Ndubuisi Madu
Nick Suttner
Norris Boothe
Philip Kollar
Rey Serrano
Robert Bowen
Rosemary Pinkham
Ryan O’Donnell
Ryan Scott
Shane Bettenhausen
Simon Cox
Tammy Ross
Tipler Ubbelohde

Source Joystiq. Find out more here

Hopefully this doesn’t affect any of the 1up staff as they have some tredmenous talent over there.

Here is the offical statement from the 1up Staff.

You may have heard the rumors in the past, but today the announcement we?ve all been waiting for has officially come: UGO Entertainment and parent Hearst Corporation have acquired 1UP and its associated sites GameVideos.com, MyCheats.com, and GameTab.com. 1UP and its sites now join UGO’s network of gaming properties that will reach over 40 million monthly unique visitors. UGO and 1UP representatives commented on the deal:

“Since we started UGO 11 years ago, we have served the gamer community and built a world-class online publishing platform,” said J Moses, CEO of UGO Entertainment. “The acquisition of 1UP, with its authentic voice, tenured editorial personalities and bustling user community, allows us to expand our base of quality content and represents a major step forward in UGO’s mission to become the leader in the games space.”

“We are extremely excited to join the UGO team,” said Sam Kennedy, editorial director and creator of 1UP. “Relying on UGO?s publishing platform will allow us to focus on what we do best?creating great content and ‘owning the conversation’ among gamers through our unique, authentic and definitive voice and community.”

Obviously, there are sure to be many questions as to what this deal means for the day to day of 1UP and its sites. To those, we can only say that we’ll continue to produce the very best gaming content and support the very best gaming community as we always have, only now we’ll have the backing of a fantastic publisher like UGO. Please join with us in celebrating this major news for 1UP.

Source 1up.com. More information can be found here

EGM to get the axe due to this acquisition by UGO Entertainment ?

Media business website paidcontent.org posted a story this morning with the headline “Ziff Davis sells 1UP digital network to Hearst, shutters EGM” but has since removed the piece from its website. The original content of the text is still visible using an RSS reader, and it stated,

Looking to conserve its resources for its PC Mag Digital business, Ziff Davis Media has sold off the 1UP Digital Network, its collection of video game sites, to Hearst Corp., which will fold it into the UGO Entertainment division, the companies said. In conjunction with the sale, the related print mag Electronic Gaming Monthly will publish its last issue this month. Terms of the deal were not disclosed.

Since finishing up its Chapter 11 proceedings last summer, Ziff Davis has sought to devote more energy to building up the PC Mag online network. Before this, Ziff Davis’ biggest step in the streamlining process involved the shuttering of PC Mag as a print product in November. As for Hearst’s UGO, the addition of 1UP’s sites is designed to further consolidate its efforts to build up content for gamers since Hearst bought the 11-year-old male-centric entertainment company in July 2007.

Source : Whattheyplay.com more information can be found here

So far, it’s just a rumour, but it looks as if Google has its sights set on Valve.  Good or bad?  Hard to say.  I just hope we never see something like this: 

Do you have an opinion on this rumour?  Hop on over to Teh Forums to weigh in.