My understanding is that the site itself is getting mothballed. It will continue to exist, but not receive updates or new articles. Kyle will still retain ownership.
The forums are what's being "sold" but it seems like that's more a result of avoiding any possible conflicts of interest with his new position at Intel. He makes it sound like it's more of a case of it being turned over to a third party that will keep running it a little like a non-profit. Basically it will just use the Patreon funds to cover expenses for bandwidth, etc. and all ads or other monetizeation being removed.
Maybe I just read it differently.
I definitely agree with the conflict of interest issue. Tinfoil hat on, I do expect Intel shilling to happen but he will now have the legal distance, tinfoil hat off.
Biggest shock to me is him going to Intel. I'm an Intel fanboy, but what gaming experience? I got a free game that I basically had to send a DNA stamp to them on the UPC to prove I had the hardware. /s
Is this is a sign Intel thinks they're GPUs are going to bring in the cheddah!? Or they going to be so bad they need leverage?
Side note my personal opinion, Kyle seemed to respond to money. He sold NV stock on the side (ie felt like a shill) and turned a new leaf when NV gave him the cold shoulder. He then sang AMD's praise and burned more bridges with NV. Intel scooping him up to me feels more like they want his car salesman Rolodex of contacts and influence. Not saying this guy doesn't know his stuff. But watching someone like Raja do a presentation, the guy was clearly knowledgeable on the technical side but couldn't talk laymen. Vids I've seen of Kyle, he's so much laymen I often question his technical knowledge.
Either way, kudos to him! Moving up from the "community" to working for the "makers" must be a dream come true, or at least I'd hope.