Asia
Nazara Technologies Emerges as 8th Largest Global Gaming Acquirer: More investments earmarked for 2024
Nazara Technologies, a global gaming and esports company is proud to announce its remarkable achievement of being ranked 8th (disclosed deal value of $US 42.6 m) on the global list of gaming acquirers in the latest report by Drake Star Partners’ Global Gaming Report for Q2 2024. Nazara has been ranked above renowned companies including MTG and Atari which finished at ninth and tenth positions respectively.
The Drake Star Partners’ Global Gaming report is published by Drake Star, an award winning global tech investment bank with a focus on acquisitions & mergers and corporate finance across various industries and tech industrial sectors.
Nitish Mittersain, CEO and Founder of Nazara Technologies, commented, “This is extremely encouraging as Nazara is set for more international acquisitions in 2024. We are honored to be recognized on the global stage. This ranking is not just a win for Nazara but for the entire Indian gaming community. Together, we are making India a global gaming giant to reckon with.”
He further adds, how this milestone signifies a pivotal moment for Nazara and the Indian gaming industry at large. “For years, the industry has always yearned for global gaming companies to invest in or acquire Indian companies. Today, Nazara stands as a testament to the changing dynamics in the global gaming landscape, demonstrating India’s emerging influence and prowess.”
Nazara is on a quest to identify opportunities within the gaming, esports and adtech arenas internationally particularly with a focus on established gaming IP’s/studios, those advancing in cutting-edge technologies like web3, Virtual Reality, and AI.
Nazara earlier in the year earmarked $100 million towards mergers and acquisitions (M&A), with a robust pipeline of projects and strategic initiatives, the company is poised to continue its growth trajectory and cement India’s position in the global gaming arena.
Nazara has been an aggressive investor in the Indian and international gaming ecosystem. The company recently acquired Freaks4U and ComicCon India earlier. The company already has the Animal Jam and Kiddopia IP’s which are global leaders in their respective segments. With Pro Football in the sports space, the company also owns the World Cricket Championship (WCC) game titles, being the most popular cricket simulation franchise globally.
Nazara Technologies has been at the forefront of the gaming industry, consistently pushing the envelope with strategic acquisitions and innovative offerings. This latest recognition underscores Nazara’s commitment to expanding its global footprint and delivering world-class gaming experiences.
Asia
Nazara Technologies partners with Government of Telangana to Launch Nazara AI Center of Excellence (CoE)
Nazara Technologies, India’s leading and only listed diversified gaming and esports company, has signed a landmark Memorandum of Understanding (MoU) with the Government of Telangana. Through this strategic partnership Nazara aims to establish a pioneering AI Center of Excellence (AI CoE) focusing on gaming and digital entertainment, positioning Nazara as a leader in AI-driven gaming and digital entertainment space and Telangana as a global hub for AI innovation.
The Nazara AI CoE will drive research, development, and innovation in areas such as gaming, interactive media, gamified learning, and other digital content, leveraging cutting-edge technologies like AI, VR/AR, blockchain, and Web 3.0. By fostering policy development, supporting startups, enhancing skills, and engaging global expertise, the Nazara AI Center of Excellence aims to empower a dynamic and inclusive community
Nitish Mittersain, Jt. MD & CEO, Nazara Technologies, said: “Telangana’s proactive approach in fostering industry growth through public-private partnerships and policy development has created the ideal ecosystem for this initiative. This collaboration will enable Nazara to further our mission of integrating AI and emerging technologies across our diverse portfolio, positioning us as a leader in AI-driven innovations in gaming and digital entertainment.”
Hon’ble Minister for Information Technology and Industries, Mr. D. Sridhar Babu, said: “This partnership with Nazara Technologies, a leader in Indian gaming, marks a significant step in positioning Telangana as a global leader in AI-driven digital innovation. The Nazara AI CoE will empower startups, enhance skills, and attract cutting-edge technology investments, creating a diverse and dynamic ecosystem. By joining forces with Nazara, we are committed to driving economic growth and setting new standards in responsible AI applications in gaming and beyond.”
Asia
PAGCOR brings swift aid to 5,500 families in flood-hit communities
Braving heavy rains and floods, the Philippine Amusement and Gaming Corporation (PAGCOR) provided timely relief goods to several communities affected by the combined effects of Tropical Storm Enteng and the southwest monsoon this week.
Over 5,500 families received food and non-food packs during PAGCOR’s relief operations on September 2 and 3. The food packs contained rice, canned goods and grocery items while the non-food packs included mosquito nets and toiletries.
On Monday, September 2, PAGCOR delivered relief items to the local governments of San Pedro, Laguna and Bacoor, Cavite. Both cities experienced severe flooding due to continuous heavy rains.
The following day, the agency extended assistance to affected residents in San Mateo, Rizal.
PAGCOR Chairman and CEO Alejandro H. Tengco said part of the agency’s nation-building commitment is the provision of timely relief goods to victims of natural disasters.
“The typhoon season is here again. Unfortunately, many families who live in disaster-prone communities are in a very vulnerable situation,” he said.
“Part of our social responsibility commitment is to help ease their plight by providing them with immediate aid like food and other essentials.”
The PAGCOR chief added that the agency’s relief efforts for areas affected by Tropical Storm Enteng will continue as more communities in Luzon and Metro Manila seek out the state gaming firm’s help. #
Asia
Esports World Cup Foundation Signs MoU with China Media Group and VSPO
The Esports World Cup Foundation (EWCF), on August 25, signed a Memorandum of Understanding (MoU) with China Media Group’s National Institute for Esports Development (NIED) and VSPO, the largest esports company in Asia, at the New Global Sport Conference (NGSC24).
The three-way agreement, signed during the New Global Sport Conference at the Four Seasons Hotel in Riyadh, is a significant step forward for the industry and aims to leverage the resource advantages of each organisation. It fosters collaboration within the sports culture industry, with a particular focus on esports and gaming.
The signing ceremony was attended by Mr. Faisal Bin Homran, Chief Product Officer of Esports World Cup Foundation; Mr. Xu Qiang, Director of the Youth Sports Programme Centre of China Media Group and Executive Vice President of NIED; and Dino Ying, Founder, Chairman and CEO of VSPO.
Under the terms of the MoU, all three organisations will collaborate on a wide range of initiatives within China. Key areas of cooperation include esports event broadcasting on CCTV, the application of cutting-edge technologies, market expansion and the promotion of event content.
Faisal Bin Homran said: “I welcome this collaboration between the Esports World Cup Foundation, China Media Group’s National Institute for Esports Development and VSPO. Together, with our combined platforms, expertise and resources, we are confident we can elevate the industry to new heights and continue to engage and inspire fans and audiences throughout China.”
Ying said: “It’s a huge honor to be a strategic partner with the Chinese Media Group and the Esports World Cup Foundation with the establishment of the CMG National Institute for Esports Development, which marks another key sign of Beijing’s support for esports development.”
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