Nazara’s NODWIN Buys Ninja Global FZCO For $3.57 Mn

SUMMARY

The deal was finalised last week (June 7) through a secondary transaction, as per Nazara’s stock exchange filings.

The transaction was for a cash consideration for $1.32 Mn with the remaining stake worth $2.24 Mn being acquired by a way of swap/issuance of preference shares of NODWIN Gaming International

The buyout will help strengthen NODWIN’s global emerging market delivery network and empower the company to provide enhanced solutions to publishers and brands in the Middle East and Turkey.

Nazara Technologies’ subsidiary NODWIN Gaming International Pte Ltd, an arm of NODWIN Gaming Private Limited, has bought Ninja Global FZCO (Ninja) for $3.57 Mn (about INR 29.8 Cr) in a cash and stock deal.

Ninja is an esports and gaming production company with presence across UAE and Turkey.