The shares of this company surged 3.3 percent on Tuesday after the company announced that it has acquired a major UK based company worth Rs 247 crores. In this article, we will discuss about the acquisition.
With a market capitalization of Rs 11,341 crores, the shares of Nazara Technologies Ltd are currently trading at Rs 1,294 per share, down by 0.90 percent from its 52-week high of Rs 1,307.20 per share. In the last one year, the stock has delivered a return of 108.73 percent. As of March 2025, Rekha Jhunjhunwala holds a 7.06 percent stake in this company.
About the announcement
On Tuesday, Nazara Technologies announced that it has acquired UK-based PC and Console Gaming Publisher (Curve Games) for an amount of Rs 247 crores.
It cited that it is a part of a strategic initiative to enhance its global presence in the console and PC gaming business. Curve Games has more than 100 million downloads and has a strong footprint in North America, Europe, and Asia Pacific region. Curve has the tested publishing expertise and a transversal portfolio of successful titles. In the calendar year 2024, Curve posted a revenue of Rs 263.5 crores and EBITDA of Rs 114.4 crores.
The acquisition fits into Nazara’s long-term growth strategy of expansion through strategic global acquisitions and is likely to drive its cross-platform IP creation and value generation in the US $100+ billion worldwide gaming market.
About Curve Games: Curve Games is an award-winning independent label working with developers across the world to deliver the best in interactive entertainment. With a uniquely diverse games catalogue that includes renowned indie hits such as For the King, Bomber Crew, The Ascent, Lawn Mowing Simulator, and the multi-million-selling smash hit Human Fall Flat, Curve Games has taken its place as one of the leading games publishers worldwide
Also read: 3 Cable Stocks with Over 20% Net Profit CAGR in the Last 5 Years to Keep on Your Radar
About the company
Nazara Technologies is India’s only publicly listed gaming company with a diversified portfolio of businesses across interactive gaming, esports and sports media. Its key businesses include Kiddopia, Animal Jam, Fusebox Games (Love Island, Big Brother), World Cricket Championship and Sportskeeda. Nazara also operates Datawrkz, a digital ad tech business driving monetization and user acquisition. With presence in India, North America, and other global markets, Nazara is building a gaming-first platform with strong IP, publishing, and operating capabilities.
Written by Satyajeet Mukherjee
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
