December 8th, 2006 by Arjan Olsder Posted in Companies & M&A | No Comments »
Moconews reports UTV has bought 51% of the shares in IndiaGames. They spend a total of $ 29 million on the purchase. Moconews expects the shares to have come from TOM Online who used to be the majority shareholder. IndiaGames reported a $ 5 million annual revenue for it’s last fiscal year and houses 270 employees. TOM Online is also reported as shareholder in Hutchinson. If they really sold off their share in IndiaGames, what will they do with the Hutchinson shares?
