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Nazara Technologies says Nodwin Gaming to raise capital from existing shareholders - The Economic Times
Economic Times
·
23d ago
Medial
Nazara Technologies has decided to de-subsidiarise its esports arm, Nodwin Gaming, as the latter is set to raise fresh capital from existing shareholders to boost its growth. This move will see Nazara's stake in Nodwin fall below 50%, changing its classification from a subsidiary to an associate company. Despite the reclassification, Nazara will remain the largest shareholder in Nodwin. The capital infusion does not involve any sale of shares by Nazara.
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NODWIN To Raise Funding, Will No Longer Be Nazara Subsidiary
Inc42
·
23d ago
Medial
NODWIN Gaming, a subsidiary of Nazara Technologies, plans to raise capital from existing investors for expansion. Despite this, Nazara will not participate in the fundraising, leading to a dilution of its stake and loss of majority control. While Nazara won't sell any existing shares, the decision means giving up certain controlling rights as the majority owner. This strategic move marks a significant shift in NODWIN's ownership dynamics.
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Nazara ends majority control in Nodwin ahead of internal fundraise
Entrackr
·
23d ago
Medial
Nazara ends majority control in Nodwin ahead of internal fundraise Nazara Technologies on Wednesday said that it will no longer retain majority control in its subsidiary Nodwin Gaming. The decision comes as Nodwin prepares to raise new capital from existing shareholders to fund expansion in esports and youth media. Nazara has chosen not to participate in the upcoming round, which will reduce its shareholding in Nodwin to below 50%, the company said in a stock exchange filing. However, it will remain Nodwin’s largest shareholder. To support the fundraise, Nazara’s board has also approved the waiver of certain controlling and restrictive rights. This move will give Nodwin greater operational and financial flexibility, enabling it to raise capital independently. The board has approved Nodwin’s de-subsidiarisation, pending shareholder approval at the August 13 EGM. Post fundraise, Nodwin will be reclassified as an associate company. In January 2018, Nazara acquired a 55% stake in Nodwin Gaming through a cash-and-stock deal. Since then, it has infused capital in the Gurugram-based company in multiple tranches. Most recently, Nazara pumped in Rs 64 crore ($7.5 million) in Nodwin in December last year for expanding its business and intellectual property (IP) portfolio. This will be the second listed, venture-backed company from the Indian startup ecosystem to dilute its stake in a subsidiary below 50%. PB Fintech recently reduced its stake in its subsidiary PB Healthcare Services from 100% to 26% following a fundraise. However, it also participated in the funding round.
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Nazara’s NODWIN Picks Up 100% Stake In AFK Gaming
Inc42
·
7m ago
Medial
NODWIN Gaming, a subsidiary of Nazara Technologies, has acquired a 93% stake in AFK Gaming, a gaming and esports media company, for INR 7.6 Cr. This acquisition further strengthens NODWIN Gaming's content production and marketing services. With this deal, AFK Gaming becomes a fully-owned subsidiary of NODWIN Gaming.
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Nazara Invests INR 4.74 Cr In Global Gaming VC Funds
Inc42
·
1m ago
Medial
Nazara Technologies has invested INR 4.74 crore in two international gaming venture capital funds, Play Venture Fund III and F4 Venture Fund I, focusing on early-stage gaming startups. The investment positions Nazara as a limited partner in these funds. This move follows a recent announcement that Nazara's subsidiary, Nodwin Gaming, has extended its timeline to acquire a significant stake in esports content platform AFK Gaming.
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NODWIN Gaming receives Rs 64 Cr from parent Nazara Technologies
Entrackr
·
8m ago
Medial
Gaming and esports company Nodwin Gaming has received approval of Rs 64 crore ($ million) in funding from its parent company Nazara Technologies. The proceeds will be allocated to fuel NODWIN Gaming’s ongoing expansion momentum, focusing on enhancing its capabilities, growing its portfolio of intellectual properties (IPs), and strengthening its presence in emerging markets. Before this investment, the Gurugram-based company was valued at $410 million as of November this year. NODWIN Gaming, a part of the listed company Nazara Technologies, is a gaming and sports media platform with a presence in India and global markets such as Africa and North America. It offers interactive gaming, e-sports and gamified early learning ecosystems. NODWIN Gaming recently expanded its portfolio with strategic acquisitions including Freaks 4U Gaming, a German esports and gaming marketing agency; events company Comic Con, Ninja Global a Turkish esports and gaming company; Singapore-based live events firm Branded; and Publishme, a West Asia and Turkey-focused marketing agency. Last week, the Nazara subsidiary also acquired Trinity Gaming for Rs 24 crore.
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Nazara’s subsidiary acquires gaming agency, creator platform Trinity
VCCircle
·
8m ago
Medial
Nazara Technologies' subsidiary, NODWIN Gaming, has acquired gaming agency Trinity Gaming for Rs 24 crore ($3.2 million). Trinity Gaming, founded in 2019, is a gaming influencer ecosystem services provider and manages over 1,000 creators in India. NODWIN Gaming plans to expand Trinity's portfolio to emerging markets such as Africa, Southeast Asia, Central Asia, and the Middle East. NODWIN Gaming has been actively acquiring companies in the gaming and esports space, including Comic Con, Freaks 4U Gaming, and Ninja Global.
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Nodwin Gaming’s Singapore unit buys marketing firm PublishME for $2 million
Economic Times
·
1y ago
Medial
Singapore-based esports firm Nodwin Gaming has acquired game marketing agency PublishME for $2 million. Previously owned by Indian gaming firm Nazara Technologies and PublishME founder Ozgur Ozalp, the agency works with various publishers and brands in the gaming industry. With the acquisition, PublishME will be renamed Nodwin Gaming in West Asia and Turkey. The move is part of Nodwin Gaming's expansion plans, following its recent funding round of $28 million.
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Nodwin Gaming acquires Germany's Freaks 4U Gaming for Rs 271 crore
Economic Times
·
1y ago
Medial
Nodwin Gaming, the esports and events unit of Nazara Technologies, is acquiring German esports marketing agency Freaks 4U Gaming in a €30.3 million share swap deal. Nodwin's Singapore division will initially increase its stake in Freaks 4U to 57%, with the remainder to be swapped later. Freaks 4U offers marketing services for gaming firms and generated €26.9 million in revenue in 2023. Nodwin has previously collaborated with Freaks 4U on projects such as the PUBG Mobile Global Open and Esports World Cup. Nodwin contributed INR 427 crore ($57 million) in revenue to Nazara in FY24.
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Nazara’s NODWIN Gaming Strikes Second Bet With Freaks 4U Gaming In A Month
Inc42
·
1y ago
Medial
Nazara Technologies' subsidiary NODWIN Gaming has announced a €8 million (INR 71.8 crore) investment in Freaks 4U Gaming, a Germany-based marketing services company for gaming and esports. NODWIN Gaming previously invested INR 33.26 crore in Freaks 4U Gaming. With this investment, NODWIN holds a 13.51% stake in the company, with the option to acquire majority control in the future. The two companies will also collaborate and share resources in each other's key territories. NODWIN Gaming is known for its presence in South Asia, Singapore, the Middle East, and Turkey.
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Nazara’s NODWIN Gaming invests INR 33 Cr in German firm Freaks 4U Gaming via convertible note
Inc42
·
1y ago
Medial
NODWIN Gaming, the esports subsidiary of Nazara Technologies, has invested INR 33.26 Cr in Freaks 4U Gaming GmbH through a convertible note. Freaks 4U Gaming is a global marketing services company for gaming and esports, with expertise in PC-based games. NODWIN Gaming, on the other hand, excels in mobile gaming and dominates emerging markets like India. By collaborating, they aim to appeal to global brands and game publishers, offering a seamless operation in both emerging and developed markets.
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