Nazara Technologies' Takeover of Curve Games: Unlocking Global Gaming Opportunities
Tech Firm Nazara Buys Gaming Publisher Curve Games for INR 247 Crores
In a bold move to expand its reach in the gaming universe, India's leading gaming company, Nazara Technologies Limited, has snapped up Curve Digital Entertainment Ltd - a renowned UK-based publisher of PC and console games - for approximately ₹247 crores (GBP 21.7 Million). This acquisition sets the stage for Nazara to storm the global PC and console gaming market, valued at over $100 Bn.
The strategic fusion bolsters Nazara's presence in the gaming sector, unlocking access to diverse platforms, genres, and geographies. This acquisition is in line with Nazara's established strategy of constructing a varied portfolio of businesses through purposeful acquisitions focusing on interactive gaming and sports media.
Curve Games boasts a commendable publishing track record, with a multitude of internationally acclaimed titles under its belt, collectively amassing over 100 million downloads. The firm's footprint spans crucial gaming territories, including North America, Asia Pacific, and Europe.
During the 2024 calendar year, Curve chalked up ₹263.5 crores (GBP 24.4 million) in revenue, EBITDA of ₹114.4 crores (~GBP 10.6 Million), and PBT of ₹49.6 crores (~GBP 4.6 Million).
Synergizing with Nazara Technologies
The acquisition aligns with Nazara's ongoing mission to reinforce its global publishing prowess, following a series of similar strategic maneuvers throughout the years. This megadeal underscores Nazara's steadfast commitment to long-term, value-driven growth throughout the gaming life cycle. Curve's publishing acumen in the PC and Console space, coupled with its diverse catalog, will accelerate Nazara's global aspirations and streamline cross-platform IP development with long-term value creation.
In expressing his thoughts on the acquisition, Nitish Mittersain, CEO of Nazara Technologies, declared, "Curve's unparalleled expertise in PC and Console publishing makes them an ideal partner as we steer our focus beyond mobile into high-quality, cross-platform gaming. This acquisition amplifies our capabilities, enriches our stockpile of IPs, and strengthens our mission in building Nazara as a formidable global gaming Titan from India. Curve will also serve as a conduit for Indian game developers to penetrate the global market."
Stuart Dinsey, Executive Chairman of Curve Games, added, "Becoming part of the Nazara collective marks an exhilarating new chapter for Curve. Nazara's ecosystem, access to emergent markets, and long-term orientation render it a savvy strategic partner. We share a unified vision of establishing a premier global indie publishing platform, and we eagerly anticipate the next phase of growth together."
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- Nazara Technologies' acquisition of Curve Games signifies a significant move into the PC and console gaming market, given its strategic investment in a renowned publisher with a diverse catalog and strong global presence.
- The synergistic combination of Nazara Technologies and Curve Games is poised to bolster Nazara's global ambitions, with the latter's publishing expertise and track record set to accelerate the development of cross-platform IPs and long-term value creation.
