Nazara Technologies has received board approval to acquire London-based Curve Digital Entertainment Ltd (Curve Games) for INR 248 Cr in an all-cash deal.
The acquisition will strengthen Nazara's presence in the gaming industry, providing access to platforms, genres, and geographies in the global PC and console gaming market.
Curve's publishing capabilities in the PC and console space are expected to accelerate Nazara's global ambitions and enable cross-platform IP development.
Following the news of the acquisition, Nazara's stock jumped over 3% to touch its 52-week high of INR 1,307.55 apiece on the BSE.