Karooo Posted July 27, 2011 Report Share Posted July 27, 2011 Disney is looking to buy out Ignition parent company UTV Software Communications, by purchasing the remaining shares in the company, according to media reports. The company currently holds around 50.4 percent of the equity share capital for India-based UTV, but a spokesperson for UTV told Reuters that Disney will be delisting the rest of the UTV shares from the stock market. According to the source, Disney is also looking to buy from the other major shareholders after the delisting. Current UTV chief executive Ronnie Screwvala is set to become the managing director for Walt Disney India after UTV delists. A local analyst said to Reuters, "Walt Disney has always been interested in most of UTV's business, especially the gaming part." He went on to say that the deal will help Disney diversify and expand its presence in India. The last couple of months has seen plenty of changes within Ignition. The company's Austin branch was closed last month, on the same day that it opened a new California office. Just last week, Ignition's Faxion Online studio was laid off, as the parent company showed that it was looking to stray away from internal development. Link to comment Share on other sites More sharing options...
Buzz Posted July 27, 2011 Report Share Posted July 27, 2011 It's kind of good news I guess. Link to comment Share on other sites More sharing options...
Aftrunner Posted July 27, 2011 Report Share Posted July 27, 2011 Number of f**ks given = 0. :| Link to comment Share on other sites More sharing options...
Buzz Posted July 27, 2011 Report Share Posted July 27, 2011 SO all UTV movies will be called Disney Link to comment Share on other sites More sharing options...
Zeehunter Posted July 27, 2011 Report Share Posted July 27, 2011 ;yawn: Link to comment Share on other sites More sharing options...
Bulovski Posted July 27, 2011 Report Share Posted July 27, 2011 As long as Disney doesn't restrict UTV from producing 'A' rated movies, don't give a damn. Link to comment Share on other sites More sharing options...
i_rock098 Posted July 27, 2011 Report Share Posted July 27, 2011 so no more emotional atyachar now, only cartoon atyachar Link to comment Share on other sites More sharing options...
KnackChap Posted July 27, 2011 Report Share Posted July 27, 2011 As long as Disney doesn't restrict UTV from producing 'A' rated movies, don't give a damn. UTV's claim to fame on the indian tv has been their A rated shows on bindaas. i dont know how well this fits with disney's demograph. Link to comment Share on other sites More sharing options...
WhiteWolf Posted July 27, 2011 Report Share Posted July 27, 2011 so no more emotional atyachar now, only cartoon atyachar Bindaas Cartoon dekho ab Link to comment Share on other sites More sharing options...
CM Sunny Posted July 27, 2011 Report Share Posted July 27, 2011 UTV's claim to fame on the indian tv has been their A rated shows on bindaas. i dont know how well this fits with disney's demograph. A rated crap shows by dozen Bindaas Cartoon dekho ab waise kaunsa cartoon say kam hai Link to comment Share on other sites More sharing options...
SquadronSupreme Posted July 29, 2011 Report Share Posted July 29, 2011 And this is supposed to change the face of gaming in India how? We will still be seen as specimens in society Link to comment Share on other sites More sharing options...
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