GameFly purchases Shacknews

Online game rental service GameFly has purchased Shacknews and its related websites, including FileShack. Shacknews announced GameFly plans to maintain the sites and even bolster with "additional resources." With an understanding that recent takeovers of beloved editorial institutions haven't gone so well, GameFly's co-founder, Sean Spector, states that the rental service isn't "looking to twist and turn the site into something else."

It's certainly an interesting move for the rental service to buy an editorial outlet and talk expansion, especially in this economy. Then again, GameFly's business doesn't seem to be hurting, as it continues to expand its rental service with a new distribution center in Seattle. In the words of a very wise book: Don't Panic.

[Thanks to everyone who sent this in.]

This article was originally published on Joystiq.