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Nazara Technologies Emerges as 8th Largest Global Gaming Acquirer: More investments earmarked for 2024

Published

5 months ago

July 30, 2024

Reading Time: 2 minutes

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.

Related Topics:gaming Nazara Technologies

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