Nazara Technologies’ material subsidiary -- Nodwin Gaming has received approval from board of directors to acquire 10.26% equity stake on fully diluted basis in Rusk Media for a total consideration not exceeding Rs 10 crore payable in cash. In furtherance of the same, Nodwin has entered into definitive agreements with Rusk Media to record the terms and conditions of the proposed acquisition.
NODWIN’s investment in Rusk Media will enable massification of entertainment first gaming and esports content in the country and enable media platforms to have access to content that the 18 - 25 year olds looking for.
Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition to and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.
