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UGO Buys 1UP. EGM magazine closed. Podcasts closed. 40+ Layoffs.

Wow. The details aren’t 100% confirmed, but UGO has defintely acquired 1UP and many staff are no longer with the company. The EGM print magazine is reportedly closed and the podcasts and video shows are reportedly being shutdown. Full details will be available by morning.

Popular editor and gaming journalist personality, Shane Bettenhausen, confirms that he is definitely leaving 1UP and, in fact, had previous plans to do so. He, of course, has a new gaming related job lined up, but has yet to reveal details on that.

The 1UP Show and 1UP Yours podcast are reportedly also being closed. 1UP Yours is the premier podcast in the gaming industry, so this is quite a shock. However, show host, Garnett Lee, suggests on his twitter feed that the show, or another show, will return: “to all the awesome tweets for us, thank you more than I can say, and yes, there will be future confirmation of weekends”.

I think I speak for most online gaming fans, when I say that the 1UP team produced some of the best game industry coverage and I hope we haven’t heard the last from these guys.