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.
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