Reliance Buys 50% In Game Development Company Codemasters

Posted Apr 5, 2010

Reliance has bought a 50% equity stake in U.K. game development company Codemasters. Balderton Capital joined in on the investment as well. Reliance’s gaming division Zapak will oversee the investment.

Codemasters was founded in 1986 and earns about $150 million in annual revenue. Codemasters has a partnership with Warner Brothers for developing games in the U.S.

Codemaster developed games such as Colin McRae: DiRT and Race Driver: GRID. In 2007 Goldman Sachs invested $98.5 million in the company. [TechCrunch]