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Business Standard
20-05-2025
- Business
- Business Standard
Nazara continues acquisition spree as it buys UK-based firm for ₹247 cr
Nazara acquires UK's Curve Games to expand global publishing and IP portfolio as part of an ongoing M&A strategy across interactive gaming and esports Mumbai Digital gaming firm Nazara Technologies has acquired UK-based PC and console game publisher Curve Games for Rs 247 crore, as it looks to strengthen its global publishing capabilities. The acquisition aligns with the company's strategy of expanding its portfolio through strategic investments in interactive gaming and sports media. Curve Games has a strong presence in major gaming markets including North America, Asia Pacific, and Europe. The company's published titles have collectively seen over 100 million downloads. Notable games include the For the King franchise, Bomber Crew, Human Fall Flat, Wobbly Life, Badlands Crew, and Dungeons of Hinterberg. 'This acquisition deepens our capabilities, brings exceptional intellectual property (IP) into our fold, and strengthens our mission to build Nazara as a global gaming powerhouse from India. Curve will also serve as a gateway to the world for Indian game developers,' said Nitish Mittersain, chief executive officer of Nazara Technologies. Nazara noted that the acquisition will enable cross-platform IP development. 'Nazara's ecosystem, access to emerging markets, and long-term orientation make them a strong strategic partner. We are aligned in our vision of building a leading global indie publishing platform, and we look forward to the next phase of growth together,' said Stuart Dinsey, executive chairman of Curve Games. The acquisition adds to a series of mergers and acquisitions undertaken by Nazara Technologies, India's only publicly listed gaming company. M&A Trail In January this year, NODWIN Gaming, a Nazara subsidiary, received an investment of Rs 64 crore from the parent company to expand its business and intellectual property portfolio. In September 2023, Nazara acquired a significant stake in Moonshine Technology Pvt Ltd (MTPL), the parent company of PokerBaazi, for Rs 982 crore. This included a 47.7 per cent stake acquired through a Rs 832 crore secondary transaction and Rs 150 crore in primary capital via compulsory convertible preference shares. Around the same time, Nazara acquired a 15.86 per cent stake in esports platform GetMega (GetStan Technologies) for Rs 18.4 crore. In FY24 alone, the company announced four acquisitions in the gaming space. These included: - A 48.42 per cent additional stake in Paper Boat Apps, developer of the children's app Kiddopia, for Rs 300 crore - UK-based gaming studio Fusebox Games for Rs 228 crore - European esports company Freaks 4U Games, via NODWIN, for approximately Rs 271 crore - Sports media subsidiary Sportskeeda's acquisition of Deltia Gaming for Rs 7.5 crore In November 2023, Nazara raised Rs 855 crore through a preferential issue, with participation from SBI Innovative Opportunities Fund, Junomoneta Finsol, Think India Opportunities Master Fund LP, and others.
Business Upturn
20-05-2025
- Business
- Business Upturn
Nazara Technologies acquires UK-based Curve Games for Rs 247 crore to strengthen global console gaming footprint
By Aditya Bhagchandani Published on May 20, 2025, 13:48 IST Nazara Technologies Ltd, India's only publicly listed gaming company, has announced a strategic acquisition of Curve Digital Entertainment Ltd (popularly known as Curve Games), a leading UK-based PC and console gaming publisher, for ₹247 crore. The all-cash deal is expected to significantly bolster Nazara's presence in the global gaming ecosystem. With this acquisition, Nazara aims to tap into the over $100 billion global PC and console gaming market, diversifying its portfolio beyond mobile gaming and reinforcing its vision of building a globally competitive gaming powerhouse from India. About Curve Games Curve Games has carved a niche in the global publishing space with more than 100 million downloads across a portfolio of indie gaming hits like Human Fall Flat , Bomber Crew , For the King , and The Ascent . The publisher is active in North America, Europe, and Asia Pacific, providing Nazara with immediate access to new geographies and genres. For the calendar year 2024, Curve Games reported: Revenue: ₹263.5 crore EBITDA: ₹114.4 crore Profit Before Tax: ₹49.6 crore Strategic Rationale Commenting on the deal, Nazara Technologies CEO Nitish Mittersain said, 'Curve's proven expertise in PC and console publishing makes them an ideal partner as we expand our focus beyond mobile. This acquisition brings exceptional IP and strengthens our global mission.' Executive Chairman of Curve Games, Stuart Dinsey, added, 'Nazara's ecosystem and access to emerging markets make them a strong strategic partner. We're aligned in our vision to build a global indie publishing platform.' This transaction aligns with Nazara's consistent strategy of acquiring niche gaming assets and building an IP-led global gaming company. Curve Games will serve as a bridge for Indian game developers to launch and publish globally, especially in premium gaming markets. About Nazara Technologies Nazara Technologies owns prominent gaming and esports brands such as Kiddopia, Animal Jam, World Cricket Championship, Sportskeeda, and Datawrkz. The company operates across India, North America, and other international markets and is actively expanding its portfolio via acquisitions. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Economic Times
20-05-2025
- Business
- Economic Times
Nazara Technologies acquires PC & console gaming publisher Curve Games for Rs 247 crore
Online gaming firm Nazara Technologies has acquired UK-based PC and console game publisher Curve Games for Rs 247 crore ($28.8 million), marking its biggest international acquisition to date as it seeks to strengthen its presence in the global gaming market The acquisition gives Nazara complete ownership of Curve, which has a strong portfolio of indie games such as Human Fall Flat, For the King, and Lawn Mowing Simulator. These titles have collectively clocked over 100 million downloads this move, Nazara is looking to diversify beyond mobile gaming into the more lucrative PC and console segments, valued at over $100 billion globally, CEO Nitish Mittersain told ET.
Time of India
20-05-2025
- Business
- Time of India
Nazara Technologies acquires PC & console gaming publisher Curve Games for Rs 247 crore
Online gaming firm Nazara Technologies has acquired UK-based PC and console game publisher Curve Games for Rs 247 crore ($28.8 million), marking its biggest international acquisition to date as it seeks to strengthen its presence in the global gaming market . The acquisition gives Nazara complete ownership of Curve, which has a strong portfolio of indie games such as Human Fall Flat, For the King, and Lawn Mowing Simulator. These titles have collectively clocked over 100 million downloads globally. With this move, Nazara is looking to diversify beyond mobile gaming into the more lucrative PC and console segments, valued at over $100 billion globally, CEO Nitish Mittersain told ET.
