Disney Indiagames
By Techgirl

Is Disney poised to buy Mumbai head quartered Indiagames?

According to one of America’s leading tech blogs All Things Digital, Disney has valued Indiagames at being between $80 - $100 million.

“
Disney is close to finalizing the acquisition of Mumbai-based Indiagames, one of the county’s leading developers and publishers of online and mobile games, according to sources.

The announcement could occur as soon as today. Disney declined to comment, and Indiagames’ Founder and CEO Vishal Gondal did not respond to emails seeking comment.

In July, Disney bought India media conglomerate UTV, which owned a stake in Indiagames, so Disney’s acquisition would consist of purchasing the remaining shares it does not already own.
..
“

Techgoss note: - On the Indiagames website, there is a detailed backgrounder for Vishal

“
While most kids were grappling with the realities of growing up, Vishal took a head start and started his first company – FACT, soon after finish school at the ripe young age of 16.

In 1999, he founded Indiagames, then a five member team. Today he leads a global operation with over 300 employees and offices in Mumbai, Beijing, London and Los Angeles making Indiagames one of the leading mobile game companies globally. Today he is recognized as being instrumental in starting and growing the Gaming Industry in India.

He was part of The Nokia Advisory Council for Games and actively advices Nokia on wireless and gaming technologies and is a much sought after speaker at gaming and wireless technology conferences. Indiagames under Vishal’s leadership was featured amongst Red Herring Asia’s Top 100 companies in 2005.

Amongst his other achievements and industry recognitions include being featured among the top 40 Indian entrepreneurs by Business Today magazine in 2001; an E&Y Indian Entrepreneur of the year award nomination in 2004 and most recently being listed among the top 50 executives in the mobile content space by the UK based Mobile Entertainment Magazine. This list featured the likes of Steve Jobs of Apple. Vishal also features among the 20 Fab Indians to watch out for in 2006 by The Week magazine

Vishal is a Board Member of NASSCOM Board of Animation and Gaming Standards (BAGS) a joint effort of NASSCOM and the Ministry of Information and Broadcasting, Government of India.  Vishal is a member of the FICCI Media & Entertainment Committee, representing the Gaming Industry.  Vishal is the Chairman of the Confederation of Indian Industry (CII) Mobile VAS Task Force and a charter member of TIE, a global not-for-profit organization focused on promoting entrepreneurship.  He is also the Steering Committee Member of IGDA Casual Games SIG
“