Reliance Entertainment seeks North America and Europe studio acquisitions

Indian corporation Reliance Entertainment intends to acquire multiple games studios from North America and Europe in 2015 in a bid to become a global giant in the realm of mobile games.

The company is already the owner of UK firm Codemasters and the biggest stakeholder in DreamWorks Studios.

It is currently in discussions with bankers to "identify and acquire up-and-coming mobile games studios" in the US, Canada and Europe, according to Reuters.

Reliance’s chief exec Manish Agarwal told the site: "We will go full steam in the Januaery and February time frame in terms of identifying studios. Gaming is going to be the largest share of the pie of entertainment time spent, and Reliance would like to be a sizeable player in that space."

Agarwal estimates that Reliance Games could make $50m in net revenue in three years’ time, and become a $100m company within five years.