Disney looking to buy out Faxion Online developer

Disney could become a major player in the future of Faxion Online
if it goes ahead with a proposed deal to buy out the rest of UTV
Software Communications' stock. Currently, Disney has a majority stake
in the company -- 50.4% -- but this move would bring it up to a nice
round 100%.

The Ignition Entertainment label would fall under this deal, which has already been struggling with numerous layoffs and studio closings. We recently reported
that UTV Ignition had to cut a good portion of its programming,
maintenance, and customer service staff as part of these problems.

Whether or not this deal will prove a boon or a hammer blow to Ignition
remains to be seen. Disney has previously closed down developers Black
Rock and Propaganda Games, although Mickey's parent company is looking
to move in the direction of more social and casual gaming. We'll keep a
close eye on this deal to see how it plays out.