Nazara Technologies’ arm to acquire 50% controlling stake in Bluetile, BestPlay
Nazara Technologies UK will acquire a 50% controlling equity stake for a consideration of $100.3 million
Nazara Technologies’ wholly owned subsidiary -- Nazara Technologies UK (Nazara UK), has signed definitive agreements to acquire a 50% controlling stake in Bluetile Games S.L. (formerly known as Playvalve S.L.) and BestPlay Systems S.L. for a consideration of $100.3 million (around Rs 918 crore).
Nazara UK will initially acquire a 50% controlling equity stake in both Bluetile and BestPlay. Nazara also holds a call option, and the Sellers a corresponding put option, to acquire or sell the remaining around 50% stake by 2028 at a valuation based on 6.6x trailing calendar year EBITDA.
Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.
