Reliance Buys 50 Percent Stake In British Game Developer Codemasters

Indian entertainment giant Reliance has acquired a 50 percent stake in UK game developer Codemasters along with existing investor Balderton Capital. Zapak, Reliance’s gaming division, will oversee the Codemasters investment. Terms of the deal were not disclosed.

Founded in 1986, Codemasters is one of the oldest British game developers, and is currently seeing yearly revenues of $150 million. Codemasters also has a partnership with Warner Brothers Home Entertainment, which distributes Codemasters titles throughout the US.

Codemaster’s brands include Colin McRae: DiRT, Overlord, Race Driver: GRID and Operation Flashpoint. In 2007, Codemasters took a $98.5 million investment from Goldman Sachs.