Nazara Technologies Boosts Gaming Portfolio with Moonshine Technology Acquisition
Nazara Technologies Acquires Moonshine Technology
Nazara Technologies Limited has completed a significant acquisition by securing a 47.7% stake in Moonshine Technology Private Limited (MTPL), the parent company of PokerBaazi, for Rs 832 crores through a secondary transaction. This investment reflects Nazara's commitment to expanding its influence in the gaming industry.
Impact of the Acquisition
This strategic acquisition is set to enhance Nazara's gaming portfolio, allowing it to tap into the growing online gaming segment in India. With a focus on increasing user engagement and diversifying its offerings, Nazara is poised for substantial growth.
Future Prospects for Nazara Technologies
As Nazara strengthens its foothold in online gaming, this acquisition supports its vision for innovation and expansion, potentially leading to more strategic partnerships within the gaming ecosystem.
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