Indian firm buys half of Codemasters

Posted on Tuesday, April 06 2010 @ 20:05 CEST by Thomas De Maesschalck

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.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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