Nazara Technologies Limited informs the Exchange regarding Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Update on acquisition of 100% of the issued share capital of Curve Digital Entertainment Ltd by Nazara Technologies UK Limited, a wholly owned subsidiary of the Company.
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Nazara Technologies has completed the acquisition of 100% of the issued share capital of UK-based gaming company Curve Digital Entertainment Ltd (CDEL) through its wholly owned UK subsidiary, Nazara UK, on June 11, 2025. The total cash consideration for the deal is GBP 21.7 million (approximately INR 247 Crores), of which GBP 19.11 million (~INR 221 Crores) has already been paid to the seller, Catalis Limited, with the balance payable as per the agreement. CDEL, along with its seven wholly owned subsidiaries (including Kuju Limited, Curve Digital Publishing Limited, Runner Duck Games Limited, and others), has now become a step-down subsidiary of Nazara Technologies. This follows the original agreement signed on May 20, 2025.
This acquisition strengthens Nazara's international gaming portfolio, particularly in the UK and European markets. The deal is material at ~INR 247 Crores, and the retention of a portion of consideration suggests some earn-out or deferred payment terms, which is a common practice. Shareholders should view this as a strategic expansion that could contribute to future revenue, though integration risks and the deferred payment structure should be monitored.