Nazara to add Rs 800-1,000 crore to M&A war chest

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Online gaming firm Nazara Technologies, which has been on an acquisition spree, has earmarked Rs 800–1,000 crore ($94-117 million) this year to fuel inorganic growth, chief executive Nitish Mittersain told ET.

The company is targeting global gaming studios with established intellectual properties, strong teams, annual revenue of around Rs 100 crore and an earnings margin before interest, taxes, depreciation and amortisation (Ebitda margin) of at least 20% for acquisition.

Nazara is also open to pursuing deals that are larger than these and may raise…



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Nazara to add Rs 800-1,000 crore to M&A war chest


Online gaming firm Nazara Technologies, which has been on an acquisition spree, has earmarked Rs 800–1,000 crore ($94-117 million) this year to fuel inorganic growth, chief executive Nitish Mittersain told ET.

The company is targeting global gaming studios with established intellectual properties, strong teams, annual revenue of around Rs 100 crore and an earnings margin before interest, taxes, depreciation and amortisation (Ebitda margin) of at least 20% for acquisition.

Nazara is also open to pursuing deals that are larger than these and may raise…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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