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Indian firm buys half of Codemasters

Posted on Tuesday, April 06 2010 @ 20:05:07 CEST by

VentureBeat reports Indian entertainment group Reliance Big Entertainment has bought a 50 percent share of game publisher Codemasters.
Reliance Big Entertainment, which is part of Reliance ADA Group, is investing alongside existing investor Balderton Capital, the European venture capital firm that invested in Codemasters starting in 2005. Reliance Big Entertainment’s Zapak Digital Entertainment, a publisher of casual and massively multiplayer online games, will oversee Codemasters. Besides Codemasters, Zapak also controls Jump Games, a global mobile game maker.

Rohit Sharma, chief executive of Zapak, said Codemasters’ strengths across technology, game development and game distribution will complement Zapak’s assets in mobile games.



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