Nazara-Backed Nodwin Gaming Acquires Freaks 4U in a ₹271 Crore Deal

Godwin Gaming x Freaks4U
Preeti Bali / 7:51 am / July 1, 2024

Nodwin Gaming, an organization supported by gaming and diversion goliath Nazara Innovations, declared a huge procurement on Friday. Their Singapore-based auxiliary has consented to conclusive arrangements to secure a 100 percent stake in Oddities 4U, a main esports firm settled in Berlin, Germany.

The procurement will be executed in stages through an offer trade bargain. Nodwin’s Singapore unit, which right now holds a 13.51% stake in Oddities 4U, will at first increment its proprietorship to 57%. The leftover 43% will be obtained sometime in the future, with the complete arrangement esteemed at ₹271 crore (around $32.6 million).

Strategic Move to Enhance Capabilities and Revenue

This strategic move is expected to significantly bolster Nodwin’s capabilities in the esports industry. The acquisition brings the expertise, experience, and extensive network of the Freaks 4U team under the Nodwin umbrella, paving the way for potential revenue growth for the Nazara-backed company.

Since acquiring a minority stake in Freaks 4U in January 2024, Nodwin has been collaborating with the company’s management team on integrating both businesses and exploring potential synergies. This collaboration has already seen the two teams successfully deliver major projects like the PUBG Mobile Global Open and the Esports World Cup (EWC).

The positive outcomes of this initial collaboration and the early signs of successful synergy creation prompted Nodwin and Freaks 4U to proceed with the full acquisition.

Nazara’s Continued Investment in the Gaming and Esports Space

This obtaining lines up with Nazara’s obligation to extending its presence in the gaming and esports space. In Walk 2024, Nazara reported plans to put $100 million in consolidations and acquisitions (M&A) inside the following two years. Furthermore, through Nodwin, they procured Comic Con India recently, an organization that puts together famous mainstream society celebrations focusing on youthful crowds in India.

Nazara’s monetary exhibition additionally mirrors its emphasis on the gaming and esports area. Their income from tasks saw a 4.3% expansion in FY24, coming to ₹1,138 crore contrasted with ₹1,091 crore in FY23. Moreover, controlled costs and a flood in other pay prompted a 23% ascent in Nazara’s benefit for FY24, coming to ₹75 crore contrasted with ₹61 crore in the past monetary year.

This obtaining connotes Nodwin Gaming’s and Nazara Innovations’ proceeded with obligation to development and administration inside the consistently advancing esports industry.

More Stories