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Nazara Technologies increases stake in Next Wave Multimedia

EntrackrEntrackr · 8m ago
Nazara Technologies increases stake in Next Wave Multimedia
Medial

Nazara Technologies Limited has acquired 1,000 equity shares of Next Wave Multimedia and increased its equity holding in the latter to 74.88% from 71.88%. The company has paid Rs 2.3 crore as the first tranche and will discharge the balance amount in due course, Nazara said in a stock exchange filing. Nextwave remains a subsidiary of Nazara Technologies. The second tranche will include buying 8,375 shares, representing 25.12% of Nextwave Multimedia, for Rs 19.33 crore either by cash or stock issuance of Nazara Technologies within six months of the closure of the first tranche. Nazara first acquired a majority stake in Nextwave Multimedia in 2018 and increased its stake to 71.88 percent in May 2023. Last month, Mumbai-based Nazara Technologies raised Rs 855 crore (approximately $100 million) through a preferential issue. The board approved the allotment on November 27, 2024, after receiving application funds from eligible investors. In the September quarter (Q2 FY25), Nazara Technologies reported a 7.3% year-on-year increase in revenue to Rs 318.94 crore, while its profit grew by 10.85% to Rs 21.97 crore. Recently, gaming and esports company Nodwin Gaming has received approval of Rs 64 crore in funding from its parent company Nazara Technologies. It also acquired Trinity Gaming for Rs 24 crore.

Nazara acquires IP rights of Ultimate Teen Patti from Games24x7

EntrackrEntrackr · 1y ago
Nazara acquires IP rights of Ultimate Teen Patti from Games24x7
Medial

Nazara Technologies’ mobile gaming arm Next Wave Multimedia has acquired the intellectual property rights of Ultimate Teen Patti from Games24X7 for Rs 10 crore. Ultimate Teen Patti lets users play teen patti, a form of poker, online and with other competitors without any real money and is designed as a free to play online game. It claims to have achieved a gross turnover of Rs 7 crore in the financial year 2022-23 (FY23). With the acquisition, Nextwave will expand its offerings in the casual freemium gaming space. Recently, Nazara 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. Nazara’s portfolio companies include, Nodwin Gaming in the esports space, Sportskeeda and Pro Football Network in the sports media space.

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.

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.

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