Nazara Technologies: Nodwin Singapore Acquires Additional 43.5% Stake in Freaks 4U Gaming for €23.45 Million

Nazara Technologies is the leading India-based diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports, and gamified early learning ecosystem.  The prominent name in the gaming and esports industry continues to expand its footprint with a significant acquisition. Through its unit, Nodwin Gaming International Pte. Ltd., Nazara has increased its stake in Freaks 4U Gaming GmbH, a leading esports marketing and event agency.

Acquisition Details

On Thursday, Nodwin Gaming acquired 52,683 shares of Freaks 4U Gaming GmbH, valued at Rs 213 crore. This transaction has resulted in Nodwin Gaming holding a 43.97% stake in Freaks 4U. Consequently, Nodwin Gaming now owns a total of 57% of Freaks 4U, officially making it a subsidiary.

Strategic Moves

This acquisition is part of a larger strategic plan announced by Nodwin Gaming in June, where the company expressed its intention to acquire a 100% stake in Freaks 4U in multiple tranches. The remaining 43% of the shares are currently held by the founders Michael Haenisch, Matthias Remmert, and Jens Enders. According to the company’s statement, these shares will be swapped at a later stage, allowing existing investors of Freaks 4U Gaming to become shareholders of Nodwin Pte.

Collaborative Efforts

Nodwin Gaming and Freaks 4U Gaming have a history of successful collaborations. Notable projects include the PlayerUnknown’s Battlegrounds (PUBG) Mobile Global Open and the Esports World Cup. These collaborations highlight the synergy between the two companies and their ability to deliver high-profile esports events.

Conclusion: The acquisition of Freaks 4U Gaming GmbH by Nodwin Gaming marks a significant step for Nazara Technologies Ltd. in solidifying its presence in the global esports market. This strategic move is expected to enhance their capabilities and strengthen their position in the industry, paving the way for more collaborative projects and growth opportunities in the future. The stock of Nazara Technologies currently trades at Rs.919.50 per share up by 1.3% from its previous day’s closing price.

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.