Joystiq: UGO to buy 1UP.com

This Joystiq report claims that UGO is in "very advanced talks" to buy many of Ziff Davis's games sites, including 1UP, GameVideos and MyCheats.

1UP Network editorial staff were reportedly informed of the potential sale in a meeting on Tuesday. UGO execs will reportedly be flying out to meet with the Ziff staff as soon as today.

If that's true, it means it's happened.

EGM and FileFront are not thought to be included in the deal. That report suggests EGM may be on its last issue.

UGO Entertainment started off in 1997 as Unified Gamers Online and currently attracts over 35 million unique monthly visitors to its general lifestyle portal at UGO.com.

Ziff's openly struggled with its gaming properties in the past year, mulling plans for an online-only version of EGM and seeing some high profile departures.

More through there.