Nazara Technologies Acquires Remaining Stake in Absolute Sports for ₹72.73 Crore

Nazara Technologies, a leading diversified gaming and sports media platform, has acquired an additional 10.26% stake in its subsidiary, Absolute Sports, for ₹72.73 crore. This transaction increases Nazara's total ownership in Absolute Sports to 60.86%. Absolute Sports is renowned for its flagship brand, Sportskeeda, a prominent sports content platform. The acquisition is part of a larger share purchase agreement dated September 18, 2024, aiming to strengthen Nazara's position in the digital sports media sector. This strategic move is expected to enhance synergies within Nazara's portfolio and expand its footprint in the global sports media landscape.

Source: INDMONEY