Disney proposes purchase of UTV Software

By Andrew Yoon, Jul 27, 2011 4:30pm PDT

The House of Mouse is looking to get even bigger. Walt Disney Company is proposing to buy out UTV Software Communications Ltd. Disney already holds a majority stake in UTV, with 50.4% of the equity share capital of the company. The acquisition would affect Ignition Entertainment, a subsidiary of UTV.

"Walt Disney has always been interested in most of UTV's business, especially the gaming part," an analyst said.

Reuters reports that the purchase, should it be accepted, would expand Disney's presence in India. UTV Software owns Ignition Entertainment, Indiagames, and True Games.

The purchase would likely be the death knell for beleaguered games publisher Ignition Entertainment. Its upcoming El Shaddai: Ascension of the Metatron is the last game to be internally developed by the company, after shutting many of its studios. Its focus on games geared towards traditional gamers would make it out of line with Disney's new pursuit of social and casual gaming. Disney recently shuttered Black Rock, developer of Split/Second. Former members of the studio claim they "never stood a chance" to adapt to Disney's new demands. Disney also shut down Turok developer Propoganda Games.

Click here to comment...

advertisement

Comments

See All Comments | 1 Thread | 2 Comments