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Nazara’s Absolute Sports acquires TJRWrestling.net and ITRWrestling.com

EntrackrEntrackr · 3m ago
Nazara’s Absolute Sports acquires TJRWrestling.net and ITRWrestling.com
Medial

Absolute Sports, a subsidiary of Nazara Technologies and the parent company of Sportskeeda.com, has signed definitive agreements to acquire TJRWrestling.net and ITRWrestling.com from Titan Insider Digital. The acquisition, valued at $1.25 million (approximately Rs 10.5 crore), is an all-cash asset purchase via Absolute Sports' U.S. subsidiary, Sportskeeda Inc., and is expected to close within 45 days. This acquisition aims to strengthen Sportskeeda's presence in the combat sports segment and expand its reach in the U.S. market. Ajay Pratap Singh, CEO of Absolute Sports, stated that the acquisition aligns with the company's vision to be a leading destination for wrestling content worldwide. TJRWrestling, and ITRWrestling, collectively attract 1.7 million monthly active users and generate 4.6 million monthly pageviews, primarily from North America. In 2024, the two platforms reported combined revenues of $722,000 (approximately Rs 6.1 crore). Nazara has a history of strategic acquisitions to expand its digital media and gaming portfolio. In 2019, it acquired a 67% stake in Sportskeeda for Rs 44 crore. Other acquisitions include Nextwave Multimedia, Nodwin Gaming, Paper Boat Apps (Kiddopia), WildWorks, and a 47.7% stake in Moonshine Technology, the parent company of PokerBaazi, for Rs 832 crore. In 2024, Nazara acquired Comic Con India for Rs 55 crore through its subsidiary Nodwin Gaming and UK's Fusebox Games for $27.2 million. In January 2025, it purchased two mobile games, King of Thieves and CATS: Crash Arena Turbo Stars, from Zeptolab for $7.7 million. Nazara has also set aside $100 million for future mergers and acquisitions to further its global expansion strategy.

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Nazara’s Absolute Sports acquires assets of DeltiasGaming

EntrackrEntrackr · 1y ago
Nazara’s Absolute Sports acquires assets of DeltiasGaming
Medial

Absolute Sports, a Nazara Technologies subsidiary and the parent company of Sportskeeda.com, has signed an asset purchase agreement to acquire all the assets of DeltiasGaming.com, a premier source of gaming and e-sports content in the US. The transaction is for an all-cash consideration of $900K ( around Rs 7.5 crore) to be paid over one or more tranches and is expected to be closed in the next 45 days. Last month, Nazara Technologies’ mobile gaming arm Next Wave Multimedia acquired the intellectual property rights of Ultimate Teen Patti from Games24X7 for Rs 10 crore. It also announced the acquisition of an additional 48.42% stake in Paper Boat Apps (PBA) from its promoters Anupam and Anshu Dhanuka for a sum of Rs 300 crore. In May, Nazara acquired 100% stake in mobile gaming subsidiary Nextwave Multimedia by buying the remaining 28.12% from founders. DeltiasGaming.com had revenues of $575K (around Rs 4.8 crore) for the twelve-month period ending June 2024. As per Absolute Sports, it will use its cash reserves to fund the transaction. With this acquisition, Absolute Sports aims to deepen its presence in the gaming and esports media publishing sector in the US region. It plans to use Deltia’s Gaming’s user base of almost 1.5 million monthly readers and its long-standing brand equity to establish the group as an authoritative voice in the gaming media space. The acquisition also provides the group access to a large audience on YouTube and popular gaming streaming network Twitch under the Deltia’s Gaming brand.

Sportskeeda’s parent Absolute Sports acquires assets of SoapCentral.com

EntrackrEntrackr · 1y ago
Sportskeeda’s parent Absolute Sports acquires assets of SoapCentral.com
Medial

Absolute Sports, a Nazara Technologies subsidiary and the parent company of Sportskeeda.com and ProFootballNetwork.com, is close to acquire all of the assets of SoapCentral.com, a premier source of entertainment content in the US. The transaction is for an all-cash consideration of $1.4 million about Rs 11.6 crore and is expected to be closed in the next 30 days. In CY23, SoapCentral.com had revenues of $621,000 about Rs 5.2 crore. Absolute Sports will use its cash reserves to fund the transaction. This is the second acquisition for Absolute Sports in the US sports media market. Earlier this year, Absolute Sports had acquired a 73.27% stake in US-based Pro Football Network LLC. Absolute Sports, via its flagship brand Sportskeeda, covers sports and esports subjects and serves more than 100 million fans every month. In 2019, Nazara, listed on the stock exchanges, picked up a majority stake in the company, which was then a 10-year old business. With more than an average of 5 million unique monthly active users, Pro Football Network is widely recognized as one of the NFL-focused sports sites in the country. The company already operates SK Pop (Pop-Culture) and has experience scaling entertainment content under the SK-Pop banner. The company expects to unlock synergies with its content scaling and operating playbooks to establish Soap Central as a leading entertainment content destination for fans in the US.

Nazara acquires UK-based game publisher Curve Games for Rs 247 Cr

EntrackrEntrackr · 2m ago
Nazara acquires UK-based game publisher Curve Games for Rs 247 Cr
Medial

Nazara Technologies has announced the acquisition of 100% ownership in Curve Digital Entertainment Limited, a UK-based publisher of PC and console games, for Rs 247 crore ($29 million). The deal is being executed through its wholly owned subsidiary, Nazara Technologies UK Ltd, the company informed in a stock exchange filing on Tuesday. CDEL, a leading video game publisher for console and PC platforms, will become a step-down subsidiary of Nazara following the transaction. The deal also includes Curve’s six subsidiaries, such as Kuju Ltd, Runner Duck Games, and IronOak Games, which will be integrated into Nazara’s portfolio upon completion. CDEL is being acquired from Catalis Group, a UK-based media and entertainment company that owns a portfolio of interactive entertainment and QA/testing firms. The acquisition aligns with Nazara’s strategy to expand its footprint in premium game publishing globally. With a strong lineup of original IPs and a proven track record, Curve reported revenues of Rs 263.5 crore and EBITDA of GBP 10.6 million (approximately Rs 120 crore) in CY24. The acquisition is expected to strengthen Nazara’s presence in key gaming markets, including the US, UK, Japan, and South Korea. According to Nazara, the transaction will be funded through intra-group debt and is expected to close within 45 days, subject to regulatory clearances and other customary conditions. Recently, Absolute Sports, a subsidiary of Nazara Technologies and the parent company of Sportskeeda.com, signed definitive agreements to acquire TJRWrestling.net and ITRWrestling.com from Titan Insider Digital. In January 2025, it purchased two mobile games, King of Thieves and CATS: Crash Arena Turbo Stars, from Zeptolab for USD 7.7 million. Nazara has also set aside $100 million for future mergers and acquisitions to further its global expansion strategy. While Nazara has yet to file its Q4 FY25 results, its operating revenue rose by 67% to Rs 535 crore in Q3 FY25 from Rs 320 crore in Q3 FY24. During the period, the company’s profit fell by 53.6% year-on-year to Rs 13.7 crore.

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