Disney Looking To Purchase UTV For $454 Million

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Disney is looking to beef up its gaming arm by reportedly offering $454 million to acquire UTV, the parent company of Ignition.  The deal would see Disney purchasing the remaining 49.6% of the shares which it doesn’t already own. This is an interesting move since Ignition hasn’t been doing so great lately and Disney recently closed Split/Second developer Black Rock Studios.

UTV appears to be in the process of attempting to turn Ignition into a publishing house rather than a true development studio by closing down non-essential assets in the process.  At this point, it’s not clear if Disney will continue down that path. What Disney’s overall goal on the gaming front is, honestly I don’t think anybody knows.

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Lorenzo Winfrey

Lorenzo Winfrey

Editor-In-Chief at ZoKnowsGaming
I am the Co-Ceo of DLT Digital Media. We are a company that is focused on developing new and innovative web properties in addition to developing WordPress based web sites for others. But before I was all that, I was a gamer.
Lorenzo Winfrey