Walt Disney To Acquire Indiagames Ltd
The Walt Disney Company has acquired balance 42% stake in Indiagames Ltd from UTV, Vishal Gondal, Adobe and Cisco Systems for an estimated $80-100Mn.
Earlier in January, Vishal Gondal, Cisco and Adobe were planning to buyout - UTV Software Communications, in what could have been a PE backed deal.
Disney is also buying out UTV Software a film, television and gaming conglomerate which is a majority shareholder in Indiagames. The buyback process hasn’t even begun yet, and could take months to complete, with approvals and an open offer pending.
In 2006, UTV invested Rs. 68 Cr to acquire 51% stake in the company and later increased it to 58% to enter into the gaming segment. It later acquired Ignition Entertainment Ltd and US based True Games.
Indiagames, founded in 1999, is one of the earliest Indian companies in the mobile and online gaming segment. It has around 250 employees and a base of 60,000 users of games on Demand subsciption model. It is also a distributor of games of Electronic Arts.
It competes with Zapak.com, Reliance Group’s gaming firm and Games2Win, founded by Alok Kejriwal.
| Readers' Comments | Post a Comment >> |
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 07/10/11 | UTV Software - Indiagames - The Walt Disney | M&A | The Walt Disney Company (India) Private Limited | - |
| 17/01/11 | UTV Software - Indiagames - Vishal Gondal | M&A | Vishal Gondal | - |
| 07/12/06 | Indiagames Ltd. - UTV Software Communications | M&A | UTV Software Communications Limited | 15.00 |
| 30/04/05 | Indiagames Ltd. - Cisco Systems Inc. | M&A | Cisco Systems Inc. | 4.00 |
| 17/12/04 | Indiagames Ltd. - South Asian Regional Exit | M&A | - | 17.73 |
| 16/12/04 | Indiagames Ltd. - TOM Online Inc. | M&A | TOM Online Inc. | 17.73 |
| 29/02/00 | Indiagames Limited - South Asian Regional | Venture Capital | South Asian Regional Apex Fund | 0.34 |
| 01/01/00 | Indiagames - Infinity I | Private Equity | Infinity - I | - |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 20/05/13 | Venture Capital | Sandeep Johri | Wishpoint Tech Private Limited | - | Completed |
| 20/05/13 | IPO / Offerings | Goldman Sachs India Fund | Just Dial Limited | 37.89 | Completed |
| 20/05/13 | Capital Market | Adonis Niryat Private Limited | ECE Industries Limited | 0.24 | Completed |
| 20/05/13 | Capital Market | Jai Annanya Investments Private Limited | ECE Industries Limited | 0.23 | Completed |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Indiagames Limited |
Vishal Prannath Gondal UTV Software Communications Limited |
Vishwaroop IT Park, Vashi InternationalInfo-Tech Park, Above Raghuleela mall, 11th Floor, Plot No. 34, 35 & 38,Sector 30 A, CIDCO, Vashi | http://www.indiagames.com | |
| UTV Software Communications Limited |
Walt Disney Company Southeast Asia Private Limited Rohinton Screwvala Unilazer Exports & Management Consultants Limited |
1181-1182, 8th Floor, Solitaire Corporate Park, Guru Hargovindji Marg, Chakala, Andheri (E), Mumbai 400093 India |
Shree Ashtavinayak Cine Vision Limited Reliance Media Works Limited Chakpak Media Private Limited |
http://www.utvgroup.com |
| The Walt Disney Company (India) Private Limited | Disney Enterprises Inc | 4th Floor Peninsula Tower One, Ganpatrao Kadam Marg, Lower Parel | Tamil Box Office India Private Limited | http://www.disney.in |
| Dealforwards |  |
| May 20, 2013... | Sequoia Capital Invests In Hector Beverages |
|
| May 16, 2013... | Forum Capital May Invest In Nitesh Estates |
|
| May 17, 2013...1 |  |
ICICI Venture May Invest In Theme Park - Adlabs Imagica |
| May 16, 2013... | Manipal Hospitals Invests In Ankur Healthcare |
|
| May 16, 2013... | Tata Opportunities Fund Set To Invest In Tata Sky |
|
- About Us
- Contact Us
- Advertise
