Disney proposes full UTV takeover

Ben Parfitt
Disney proposes full UTV takeover

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.

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Tags: disney , acquisition , takeover , bid , utv

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