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.
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 27 April 2015, 05:36.