Nazara Technologies Limited has informed the Exchange regarding a press release dated March 18, 2026, titled Nazara to Acquire Controlling Stake in Social Gaming Platform Bluetile and BestPlay for USD 100.3 million (Approx. INR 918 crores).
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Nazara Technologies, through its UK subsidiary, will acquire a 50% controlling stake in Europe-based social gaming platform Bluetile Games and its in-house engagement platform BestPlay for USD 100.3 million (around INR 918 crores). Bluetile runs 17 casual and social mobile games with about 375 million downloads and 22 million monthly active users, while BestPlay adds another 2.2 million MAUs. On a combined basis, the two businesses posted CY25 revenue of USD 153.6 million (INR ~1,405 crores) and EBITDA of USD 27.7 million (INR ~254 crores). The deal also includes a call/put option for the remaining ~50% by 2028 at 6.6x trailing EBITDA, plus performance-linked earn-outs estimated at USD 98.2 million tied to CY2027-2029 targets, with up to 25% payable in Nazara equity.
This is a sizeable, growth-accretive acquisition that expands Nazara's global gaming footprint and adds proven AI-driven casual gaming assets with strong unit economics. The earn-out structure and call/put option limit near-term cash outflow and align the sellers with future performance, but contingent payouts of up to INR 898 crores could pressure cash flows and dilute equity if targets are met.