Mumbai: Nazara Technologies has achieved 8th place globally with a disclosed deal value of $US 42.6m in gaming acquisitions in Q2 2024, as per Drake Star Partners’ report. They surpassed MTG and Atari, who ranked 9th and 10th.
Drake Star Partners publishes the Global Gaming report. They are an award-winning global tech investment bank specializing in acquisitions, mergers, and corporate finance in various industries and tech 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 actively seeking opportunities in the global gaming, esports, and adtech sectors, emphasizing established gaming IP’s/studios and advancements in web3, Virtual Reality, and AI technologies.
Nazara plans to allocate $100 million for mergers and acquisitions (M&A) this year, expecting continued growth and solidifying India’s global gaming presence.
Nazara aggressively invests in the gaming scene, with recent acquisitions like Freaks4U and ComicCon India. Also owning Animal Jam, Kiddopia, and the World Cricket Championship titles, it has a strong presence globally.
Nazara Technologies leads the gaming industry with strategic acquisitions and innovative offerings, showcasing its commitment to expanding globally and providing top-notch gaming experiences.
