Gaming and esports company Nazara Technologies has been ranked eighth (disclosed deal value of $42.6 million) on the global list of gaming acquirers in a latest Global Gaming Report for Q2 2024.
Nazara, which last acquired Freaks4U and ComicCon India, has been ranked above renowned companies like MTG and Atari, which finished at ninth and tenth positions respectively. This Drake Star Partners’ report is published by Drake Star, a tech investment bank with a focus on mergers and acquisitions (M&A) and corporate finance across various industries and tech industrial sectors.
Nazara Technologies CEO and founder Nitish Mittersain commented, “This is extremely encouraging as Nazara is set for more international acquisitions in 2024. We are honoured to be recognised on the global stage. This ranking is not just a win for Nazara but for the entire Indian gaming community. Together, we are making India a global gaming giant to reckon with.”
He further added how this milestone signified a pivotal moment for Nazara and the Indian gaming industry at large. “For years, the industry has always yearned for global gaming companies to invest in or acquire Indian companies. Today, Nazara stands as a testament to the changing dynamics in the global gaming landscape, demonstrating India’s emerging influence and prowess.”
Nazara, which owns game titles like Pro Football and World Cricket Championship, earlier in the year earmarked $100 million towards M&A.