Nazara Technologies’ NODWIN Gaming Acquires StarLadder for $5.5 Million

Nazara Technologies Limited has announced that its material subsidiary, NODWIN Gaming, has acquired StarLadder, a prominent esports IP and services company.

This acquisition, valued at an initial consideration of USD 5.5 million (₹46.75 crore), marks a significant milestone for NODWIN Gaming as it expands its portfolio in the esports domain. The deal consists of a combination of secondary sales and stock swaps of NODWIN Gaming Pte shares, with an additional earn-out target-based consideration.

The deal will also see StarLadder becoming a fully owned subsidiary of NODWIN Gaming Pte, which is based in Singapore.

Key Details of the Deal

The total consideration of USD 5.5 million (₹46.75 crore) for the acquisition will be paid partly in cash, amounting to USD 2 million (₹17 crore), and the remaining USD 3.5 million (₹29.75 crore) will be settled through a swap of equity shares of NODWIN Gaming Pte.

As part of the agreement, Roman Romanstov, the founder of StarLadder, will become a shareholder in NODWIN Gaming Pte and continue leading the business. StarLadder’s experience spans over 20 years in organizing esports events and includes a portfolio of iconic events such as the Valve CSGO Major and Dota2 Major tournaments, and StarSeries in CS and Dota2.

StarLadder has also collaborated with major game developers, including Valve, Tencent, and Blizzard.

Strategic Implications and Future Prospects

The acquisition of StarLadder will further strengthen NODWIN Gaming’s position in the esports industry by adding a world-class event production and IP portfolio. This acquisition is aligned with NODWIN Gaming’s vision to provide immersive youth entertainment experiences globally.

The move will also enhance NODWIN’s presence in mobile esports, a space where they have already established a strong foothold. Furthermore, this acquisition complements NODWIN Gaming’s previous strategic moves, including the acquisition of Comic Con India, Trinity Gaming, AFK Gaming, Freaks 4U Gaming, Ninja Global, and Branded.

These moves are expected to enhance NODWIN Gaming’s capabilities in esports event production, branding, and marketing, providing a more extensive reach to young, engaged audiences.

This acquisition comes at a time when NODWIN Gaming continues to grow rapidly, especially in India and emerging markets, where esports continues to attract significant attention.

On January 31, 2025, Nazara Technologies share price (NSE: NAZARA) opened at ₹950.75, touching the day’s high at ₹955.95, as of 11:14 AM on the NSE.

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