Nazara Technologies, a global leader in gaming and esports, has secured an impressive 8th position on the global list of gaming acquirers, as revealed in Drake Star Partners’ Global Gaming Report for Q2 2024. With a disclosed deal value of $42.6 million, Nazara has outshone notable contenders such as MTG and Atari, which landed in the ninth and tenth spots respectively.
Nazara Technologies Emerges as 8th Largest Global Gaming Acquirer: More investments earmarked for 2024
The Drake Star Partners’ Global Gaming Report is a highly-regarded publication from Drake Star, an award-winning global tech investment bank specializing in acquisitions, mergers, and corporate finance across diverse tech sectors.
Nitish Mittersain, CEO and Founder of Nazara Technologies, expressed his excitement: “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.”
Mittersain further elaborated on the significance of this milestone for both Nazara and the Indian gaming industry. “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 Technologies has been actively seeking opportunities within the gaming, esports, and adtech sectors, with a particular focus on established gaming IPs and studios leading advancements in cutting-edge technologies like web3, Virtual Reality, and AI.
Earlier this year, Nazara earmarked $100 million for mergers and acquisitions (M&A). With a robust pipeline of projects and strategic initiatives, the company is poised to continue its growth trajectory and further cement India’s position in the global gaming arena.
Nazara has made significant investments in both the Indian and international gaming ecosystems. The company recently acquired Freaks4U and ComicCon India, adding to its impressive portfolio which already includes global leaders like Animal Jam and Kiddopia. Additionally, Nazara owns the highly popular World Cricket Championship (WCC) game titles, the most successful cricket simulation franchise globally.
At the forefront of the gaming industry, Nazara Technologies consistently pushes boundaries with strategic acquisitions and innovative offerings. This latest recognition underscores Nazara’s commitment to expanding its global footprint and delivering world-class gaming experiences.
In summary, Nazara Technologies’ ranking among the top global gaming acquirers marks a pivotal moment for the company and the Indian gaming industry at large. With ambitious plans for international acquisitions and a steadfast commitment to innovation, Nazara is set to further elevate India’s status in the global gaming landscape.
