Nazara Technologies Limited informs the Exchange regarding 'Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Acquisition of Intellectual Property Rights of "ITR Wrestling and TJR Wrestling" by Sportskeeda Inc., a wholly-owned subsidiary of Absolute Sports Private Limited, a material subsidiary of the Company'.
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Nazara's step-down subsidiary Sportskeeda Inc., wholly owned by Absolute Sports (a material subsidiary of Nazara), has signed an Asset Purchase Agreement to buy the intellectual property rights (brand, domain, content, social media accounts) of wrestling websites ITR Wrestling and TJR Wrestling from Titan Insider Digital Limited. The deal is valued at up to USD 1.25 million (about INR 10.5 Crores), payable in cash. The two wrestling websites together generated USD 722,438 in revenue in calendar year 2024, covering WWE, AEW and IMPACT wrestling content as well as PPV and TV reviews. The acquisition is not a related party transaction, requires no regulatory approvals, and is expected to close within 45 days. The move is aimed at strengthening Absolute Sports' leadership in global combat sports content and expanding its US audience base.
This is a small, tuck-in acquisition relative to Nazara's overall size, so the immediate financial impact is limited. However, it adds content depth and audience reach to Sportskeeda in the high-engagement combat sports niche, which is a positive strategic step for the sports content business.