India’s UTV Software could soon be fully owned by Disney, if a major acquisition bid is agreed.
The Walt Disney Company already owns 50.4 per cent of Ignition’s parent, UTV Software, and today is willing to part with $454 million to own the company in full.
Much of the driving force behind the bid is UTV’s lucrative Bollywood films and TV shows, but a full acquisition would place developer Ignition’s future at the hands of Disney.
Sister site Develop has the full story.
Tags acquisition ben-parfitt bid disney takeover
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