Nazara Technologies Acquires Fusebox Games in a Rs.228 Crore Deal

Nazara Technologies Ltd., India’s premier gaming and sports media company, has acquired UK-based IP gaming studio Fusebox Games in an all-cash deal worth Rs 228 crore. The acquisition bolsters Nazara’s portfolio with Fusebox’s popular interactive story games and IPs.

Nazara Technologies Acquires Fusebox Games in Rs 228 Crore Deal

Nazara Technologies Ltd., India’s only publicly listed diversified gaming and sports media company, has announced its acquisition of Fusebox Games, a prominent UK-based IP gaming studio. The deal, valued at Rs 228 crore, will be an all-cash transaction, marking a significant expansion of Nazara’s international footprint. Fusebox Games, known for publishing the interactive story game ‘Love Island,’ employs a team of 30 people primarily based in the UK.

This acquisition aligns with Nazara’s strategy to build a global gaming business centered on strong intellectual properties (IP). The move also highlights Nazara’s commitment to leveraging its Indian base to enhance global studios through advanced user acquisition strategies, data analytics, and live operations. 

Fusebox’s Strong Financial Performance

Fusebox Games has shown robust financial growth over the past year, making it an attractive acquisition target for Nazara. For the calendar year 2023, Fusebox reported revenue of Rs 87.5 crore, with an Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) of Rs 11.7 crore. The first half of 2024 saw even stronger performance, with year-to-date revenue (January to July) reaching Rs 116.6 crore and EBITDA climbing to Rs 33.3 crore.

The substantial year-on-year growth underscores Fusebox’s increasing market relevance, driven by its focus on developing new games based on popular global TV IPs. This financial strength complements Nazara’s broader growth ambitions, as the company seeks to scale its operations globally.

Conclusion: The acquisition of Fusebox Games by Nazara Technologies marks a strategic milestone in Nazara’s journey toward becoming a global gaming leader. By combining Fusebox’s popular IPs with Nazara’s operational expertise and innovative strategies, the company is poised for significant growth and expanded market presence.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.