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Indiagames To Purchase 51 Percent Of US Company

Indiagames, the mobile and online gaming company in India, plans to buy a 51 percent stake in a US mobile games firm, and will raise the funds through a new share issue. Its Indian parent, UTV Software Communications, plans to invest $75 million in its gaming business, including taking a stake in a US startup which plans to set up a publishing platform for the online creation of content reports The Economic Times. Equity Bulls describes the Indiagames purchase as a “mobile content aggregator”. If anyone knows the company it is acquiring, send us an anonymous tip thorough the tip box in the left hand column (RSS readers will have to click through).

3 Responses to “Indiagames To Purchase 51 Percent Of US Company”

  1. It must be one of those vivendi subsidaries which have shortened after the recent acquisition of these studios by Activision.
    It can be anyone studio of vivendi which have been shown the axe.