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Nazara Completes Acquisition Of UK-Based Curve Games
- Nazara Technologies has completed the acquisition of UK-based video game publisher Curve Digital Entertainment Ltd for INR 247 Cr.
- Nazara's UK subsidiary completed the transaction, paying about INR 221 Cr to Curve Games.
- Curve Games, with casual gaming IPs like Fall Flat and For the King, was acquired to expand Nazara's gaming portfolio globally.
- Curve Games' publishing expertise was highlighted by Nazara's MD and CEO Nitish Mittersain.
- The acquisition involved payment of INR 248 Cr with Curve Games retaining its London office and team.
- Curve Games' studios in Brighton and Vancouver are also part of the acquisition agreement.
- Nazara has earmarked $100 Mn for mergers and acquisitions in the gaming segment.
- This is the second gaming studio Nazara has acquired internationally following Fusebox Games.
- Nazara has been active in various acquisitions, including Smaaash Entertainment and PokerBaazi parent.
- The acquisitions span across gaming, esports, and kids' entertainment, like Funky Monkeys.
- Nazara aims for organic growth by expanding publishing, game development, esports, and adtech divisions.
- Despite recent acquisitions affecting profitability, Nazara's CEO expects positive outcomes in the upcoming quarters.
- Shares of Nazara ended 6.5% higher at INR 1,328 on the BSE post the acquisition announcement.
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