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    Disney looking to buy out Faxion Online developer

    Shu
    Shu
    Celestial Council
    Celestial Council


    Male
    Number of posts : 10794
    Location : Singapore
    IGN[Game NickName] : Ashura/Iori Yagami
    Current Status : Busy at Work
    Registration date : 2008-03-31

    Disney looking to buy out Faxion Online developer Empty Disney looking to buy out Faxion Online developer

    Post by Shu Thu Jul 28, 2011 10:26 am


    Disney looking to buy out Faxion Online developer Utv

    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.

      Current date/time is Fri Nov 22, 2024 11:53 am