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UTV’s Q2 results indicated a a bullish outlook on both gaming and internet businesses.
As per the financial results of UTV over Rs. 250 crores has been invested by UTV in the gaming segment and it has acquired the likes of True Games an MMOG (Massively Multiplayer Online Games) to service the US and Turkey markets. [...]

We had broken the story of UTV acquiring ITNation sometime back and now news is abuzz with the completion of the acquisition and the numbers are out. UTV paid 15 crores to acquire 76% of ITNation which owns digital news properties like Techtree.com , CXOToday.com, Channeltimes.com & Enterpriser.in. Earlier to ITNation UTV had acquired a [...]

(Updated) - I have been further informed by my sources that UTV would be doing this deal under the company UTV Interactive which was formed in 2000. Also that ITNation will be revamping current and also launching more websites. This deal officially may take a couple of months.
 
I have still not got any confirmation on [...]