Nazara's Strategic Acquisition of PokerBaazi Parent - A Game-Changer in Online Gaming
Friday, 13 September 2024, 03:52
Nazara's Strategic Move in the Online Gaming Landscape
In a bold step, Nazara has acquired a 47.7% stake in the parent company of PokerBaazi for Rs 832 Cr. This acquisition is a clear indication of Nazara's commitment to expanding its presence in the online gaming arena.
Investment in Moonshine
Alongside this acquisition, Nazara is set to inject Rs 150 crore into primary capital into Moonshine through compulsory convertible preference shares. This investment aims to bolster development and offerings in the real money gaming sector.
Implications for the Online Gaming Industry
- Potential Growth: This acquisition is likely to pave the way for new opportunities in the gaming market.
- Market Influence: Nazara’s stake could lead to new collaborations and innovations in online gaming.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.