CosmicTaco

Nazara Technologies Acquires Fusebox Games for $27.2 Million

CosmicTaco · 2024-08-09T11:26:11.087812+05:30

- Nazara Technologies has acquired UK-based Fusebox Games Limited for Rs 228 crore ($27.2 million) in an all-cash deal. - Fusebox, known for its interactive story game 'Love Island', reported strong financial growth in CY23 and CY24. - The acquisition aligns with Nazara's strategy to expand in developed markets like the US, UK, and Australia. - Nazara also received a letter of intent to acquire sports entertainment company Smaaash, currently in insolvency. - Earlier this year, Nazara raised Rs 250 crore ($30 million) and announced plans to invest $100 million in mergers and acquisitions over the next 24 months. Source: [Entrackr](https://entrackr.com/2024/08/nazara-acquires-uk-based-fusebox-games-for-27-2-mn/)

Nazara Technologies has acquired UK-based Fusebox Games Limited for Rs 228 crore ($27.2 million) in an all-cash deal.
Fusebox, known for its interactive story game 'Love Island', reported strong financial growth in CY23 and CY24.
The acquisition aligns with Nazara's strategy to expand in developed markets like the US, UK, and Australia.
Nazara also received a letter of intent to acquire sports entertainment company Smaaash, currently in insolvency.
Earlier this year, Nazara raised Rs 250 crore ($30 million) and announced plans to invest $100 million in mergers and acquisitions over the next 24 months.

Source: Entrackr

12mo ago