It looks like BSE listed UTV Software is planning to add Online Gaming to its existing portfolio of console and mobile gaming companies. UTVs board has "taken on record" proposals regarding $75 million in investments in three key initiatives in the Gaming space: Investment in a prominent US based startup in the Online Gaming space The acquisition of a US based mobile games aggregator (Ed: Will complement Indiagames) Ignition: Increasing its stake in Ignition entertainment from 70 percent to 95 percent by buying out an existing investor. We had written about this earlier. Also planned is an increase investment in Ignition for its three console games being developed in London, Florida and Tokyo. Download UTVs financial results here. UTV has been restructuring its business over the past year, so the earnings results for this quarter aren't really comparable with any of the previous ones: last year, their financials incorporated numbers from Indiagames, and UTV had also sold off their post-production business; during Q1 2008-09, UTV completed the acquisition of IT Nation, and added a New Media segment, which also includes UTV New Media Ltd. Animation has now been shifted from the Interactive segment to the Films segment. Like I said - it's difficult to judge the growth of the company, and compare Q1 2008-09 results with previous quarters. So just the numbers, and some pointers: Gaming/Interactive UTVs Interactive business, which now comprises only of IndiaGames and Ignition Entertainment reported revenues of Rs. 14.559 crores for the quarter ending June 30th…
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