|Send News. Want a reply? Read this. More in the FAQ. News Forum - All Forums - Mobile - PDA - RSS Headlines Twitter|
Reliance Entertainment has purchased a majority stake in Codemasters reports the Telegraph, saying this wholly owned subsidiary of the India-based Reliance Anil Dhirubhai Ambani Group now owns a hair over 60 percent of the British developer and publisher. Codemasters suffered layoffs early this year amid a global restructuring, and the comment with this report suggests this is related, as word is: "Relianceís move follows discussions over the video games makerís debt after it extended a series of convertible loans." Private equity firm Balderton Capital retains ownership of the remainder of the company. No financial terms are included in the report.
Copyright © 1996-2015 Stephen Heaslip. All rights reserved.
All trademarks are properties of their respective owners.
News CGI copyright © 1999-2015 James "furn" Furness &
All rights reserved.
Chatbear v1.4.0/blue++: Page generated 30 January 2015, 06:40.