Nazara Technologies Limited has informed the Exchange regarding Board meeting held on May 20, 2025.
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Nazara Technologies' board approved the acquisition of UK-based video game publisher Curve Digital Entertainment Ltd (CDEL) for up to GBP 21.7 million (~INR 247 crores) in cash, routed through its wholly-owned subsidiary Nazara UK. CDEL posted revenue of ~INR 263.5 crores and EBITDA of ~INR 114.4 crores in CY2024, making this a meaningful revenue- and profit-accretive deal. The acquisition is funded through intra-group debt financing and is expected to close within 45 days, subject to customary conditions. The board also approved unsecured loans of up to INR 125 crores between subsidiaries and INR 275 crores to Nazara UK to support funding needs. The deal is not a related-party transaction and will expand Nazara's presence in the global PC and console gaming publishing vertical.
The acquisition adds a profitable, established publishing business and diversifies revenue geographically, which is positive for long-term growth. However, funding it through intra-group debt could increase subsidiary-level leverage and interest costs, warranting a watch on consolidated debt levels and integration execution.